The social tax rate for trade and service businesses is to be extended
On February 7 this year, under the chairmanship of the President of the Republic of Uzbekistan, a video conference call was held on developing services in the regions. One of the main proposals at the meeting was the extension of a social tax rate of 1% for enterprises in the sphere of trade and services.
For 2 years since the implementation of the preference, the number of enterprises has increased 1.5 times. Many entrepreneurs began to correctly reflect monthly wages and the labor remuneration fund increased 3.2 times. That provided additional revenues to the budget in the amount of 2.1 trillion soums.
In this regard, it was decided to extend the preference for another three years.
