Latest news Top headlines Most read
Eng
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng

Daryo.uz Daryo.uz

  • O'zb
  • Ўзб
  • Рус
  • Eng
Latest news
    • USD 12280.01
    • RUB 138.69
    • EUR 13415.91
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +12°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    Telegram Youtube Facebook Instagram Twitter

    Daryo logo white Daryo logo dark

    • Local
      • DaryoKindness
      • Others
    • Central Asia
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
      • Afghanistan
    • World
    • Money
      • Economics
      • Finance
      • Crypto
      • Business
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
    • Columnists
    • Multimedia

    Daryo.uz Daryo.uz

    Local

    Summer VAT returns: Aid for low-income families in Uzbekistan

    22 September, 01:33 247

    Uzbekistan returns over UZS 3,652bn ($299 344) in VAT to low-income families in three months; significant support for socially vulnerable groups.

    Summer VAT returns: Aid for low-income families in Uzbekistan
    Source: Advice.uz

    According to the Tax Committee's press release, Uzbekistan has refunded more than UZS 3.652bn ($299 344) in Value Added Tax (VAT) to low-income families over the course of three summer months. This initiative was introduced on May 1st for individuals included in the "Unified Social Protection Registry."

    Instead of the previous 1% cashback system, a 12% VAT refund is now provided when purchasing specific essential products, including lamb, poultry, beef, eggs, and vegetable oil, at retail outlets.

    As of today, more than 84,714 consumers have received over UZS 3.652bn ($299 344) in social VAT refunds, providing significant support to socially vulnerable groups. The statistics for each month are as follows:

    - May: 22,159 citizens received UZS 1.1bn ($90 163)
    - June: 30,613 citizens received UZS 1.3bn ($106 557)
    - July: 31,942 citizens received UZS 1.2 bn ($98 360)

    Earlier, Daryo reported that the Ministry of Justice announced on September 5 that President Shavkat Mirziyoyev has decreed changes in the tax system, focusing on more streamlined and fair practices.

    Effective immediately, the controversial tax gap coefficient for returning overpaid VAT is abolished. 70% of entrepreneurs considered this mechanism to be unfair. The policy of suspending a company's VAT payer certificate, which occurred when a company was categorized as high-risk, has also been canceled.

    The President has also raised the profit threshold for companies eligible to pay income tax in installments. The limit is now UZS 10 bn ($ 82,4172.65), up from the previous UZS 5 bn ($41,2086.32).

     

    Follow Daryo's official Instagram and Twitter pages to keep up to date on world news.

    Facebook Twitter LinkedIn Telegram Email

    On this topic

    President Mirziyoyev overhauls tax system: abolishes tax gap, VAT suspension and reduces tax liability period 

    5 September, 21:57

    Turkmenistan ranks among Uzbekistan's top ten trade partners

    21 September, 13:34

    Top 10 partner countries in Uzbekistan: China leads with $8.3bn trade activity

    21 September, 13:38
    × Lightbox Image

    Latest news

    Hayasat-1 propels Armenia onto the global space map with successful launch

    Today, 17:53

    Uzbekistan establishes national emission accounting register to combat climate change

    Today, 17:24

    Chaarat Gold aims for annual gold production of 350,000 ounces in Kyrgyzstan

    Today, 16:50

    President Sadyr Zhaparov advocates for the rights of people with disabilities

    Today, 15:42

    Uzbekistan and UAE sign driver's license recognition deal

    Today, 14:39

    Uzbekistan national team secures seven finalist spots in World Junior Boxing Championship

    Today, 14:15

    US State Department: Afghanistan no longer in top 10 countries for terrorist attacks

    Today, 13:37

    UN pledges support for Uzbekistan's social protection reforms

    Today, 13:05

    Philippines earthquake: 7.6 magnitude quake rocks Southern region, kills one

    Today, 12:16

    China accepts Afghanistan's Taliban-appointed Ambassador to Beijing

    Today, 11:14

    Recommended

    Chapter Zero Uzbekistan spearheads Green Agenda: Zamira Ataniyazova unveils platform's role and future initiatives

    21:00 / 28.11.2023

    Uzbekistan citrus prices plummet: oranges down 30%, mandarins and lemons follow suit

    09:00 / 20.11.2023

    Alisher Kadyrov responds to proposal restricting professions in Russia based on language

    14:00 / 16.11.2023

    Caspian port of Turkmenbashi boosts international cargo traffic

    11:00 / 16.11.2023
    About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter

    © Simple Networking Solutions, 2013–2023

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.