#Legal_news The possibility of paying taxes in installments i | Legal Info

#Legal_news

The possibility of paying taxes in installments is provided.

The law (№ 722, 14.10.2021) "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan" was signed by the President.

The law introduced a number of changes to the Tax Code.

In particular, in accordance with article 99 of the Code, it is established that the State Tax Committee has the right to provide the opportunity to pay taxes and turnover tax in installments in accordance with the established procedure without providing property as a pledge, without a guarantor or bank guarantee (except for income tax, social tax, income tax at the source of payment).

In addition, according to the addition to article 100, interested persons who have been operating for more than 3 years, who have paid taxes on time. However, whose financial situation does not allow them to pay off their tax debt on time, may be given the opportunity to pay taxes in installments.

According to the amendments made to Article 378 of the Code, the taxpayer's income directed to education in professional (vocational schools, colleges, technical schools) and higher educational organizations of the Republic of Uzbekistan (own, as well as the education of children or husband (wife) under the age of 26) is not subject to taxation (previously this benefit applied only to higher education).

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