From January 1, 2023, until January 1, 2026, the Football Association of Uzbekistan, its territorial divisions, the "Professional Football League of Uzbekistan," the Center of Football Referees of Uzbekistan, and professional football clubs will be exempted from the following payments:
1. All types of taxes (excluding social tax)
2. Personal Income Tax (PIT) for foreign specialists and football players they employ
3. Value Added Tax (VAT) on imported sports equipment, inventory, broadcasting equipment, pharmaceutical goods, sports nutrition, artificial turfs for football (futsal) fields, special adhesives, professional sports equipment, and specialized vehicles, including those not produced in the country.
This measure is expected to improve talent selection and development of young players as professional athletes, as well as promote the development of football clubs.
Amendments to the National Code were made at the end of the previous year, and some of them involved the cancellation of certain tax benefits:
Regarding tax rates, the following changes have been implemented:
1. The profit tax rates remain the same at 15%, while for specific categories it is 20%.
2. The individual income tax rate remains unchanged at 12%.
3. The property tax rate for legal entities remains at 1.5%.
4. The land tax for agricultural lands remains at 0.95%.
5. The social tax rates are 25% for budget organizations and 12% for others.
For value-added tax (VAT):
1. The category of taxpayers, calculation and payment procedures, and tax reporting deadlines remain unchanged.
2. From January 1, 2023, the VAT rate is reduced from 15% to 12%.
3. The time for conducting a documentary tax audit for the justification of VAT refund is reduced from 60 to 30 days.
4. The following exemptions are canceled:
a) From April 1, 2023, the provided privileges for geological services within annual state development and mineral resource base reproduction programs funded by the budget.
b) From July 1, 2023, the provided privileges for services of the National Guard of the Republic of Uzbekistan.
6. State authorities and administrations may be recognized as VAT taxpayers based on decisions by the President or the Cabinet of Ministers of the Republic of Uzbekistan.
7. From January 1, 2023, a procedure is introduced to correct (credit) the VAT amount paid (to be paid) for goods (services) actually received but not credited due to the suspension of a certificate's validity when the certificate's validity is restored.
8. Taxpayers registered with the Interregional State Tax Inspectorate for Large Taxpayers have the right to offset VAT amounts to be refunded from the budget against VAT payable on imported goods.
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