Uzbekistan keeps minimum rental rates for vehicles

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Uzbekistan keeps minimum rental rates for vehicles

Tashkent, Uzbekistan ( — The government of Uzbekistan has retained the new minimum rental rates for vehicles for 2018.

The minimum rates were established by the resolution of the President of Uzbekistan “On forecast of the main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2018”.

The minimum rates were set in order to prevent underreporting of the tax base when renting vehicles.

When leasing out this property, the personal income tax is levied on the amount of rent payable under the agreement, but not lower than calculated based on the established minimum rates.

Rates are set for each unit of vehicles, depending on its type. Calculated for a month for cars, the minimum rental rate is 330,000 soums, for other vehicles (minibuses, buses, trucks) – 645,000 soums.


Source  :  UzDaily

Foreign universities receive tax benefits until 2023

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Foreign universities receive tax benefits until 2023

Tashkent, Uzbekistan ( — The President of Uzbekistan Shavkat Mirziyoyev granted tax exemptions to foreign higher educational institutions accredited in the country.

On 29 December 2017, President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On forecast of the main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2018”.

According to the decree, until 1 January 2023, foreign universities are exempt from all types of taxes and mandatory contributions to state trust funds in the framework of their educational activities in Uzbekistan.

Also, the universities will not pay a single social payment and personal income tax in part of the labor fund of foreign workers.


Source  :  UzDaily

Uzbek leader congratulates nation on New Year

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Uzbek leader congratulates nation on New Year

Tashkent, Uzbekistan ( — Dear compatriots!

Dear friends!

A few minutes later, the New Year 2018 will come in our beautiful country.

I wholeheartedly congratulate you all, our esteemed fathers and mothers, dear women, our youth, the entire multinational people of Uzbekistan on this wonderful holiday.

I wish you all good health, peace and prosperity.

We entered a new stage of our dynamic development. We have used all the opportunities for achieving our high goals in the Year of dialogue with people and human interests.

The outgoing year, despite some problems and difficulties, has become successful for the country due to self-sacrificing labor of our people.

Most importantly, the attitude of the state to a citizen is changing. Serving people became the main life principle for us.

All this is reflected in the daily life of people. Confidence in the future is growing.

In 2017, our foreign policy activity was fruitful. Especially – in developing relations with neighboring countries on a fundamentally new basis.

This contributes to further strengthening the situation of mutual trust, friendship and cooperation in our region.

Such a strategic course will consistently and actively continue in 2018.

Taking this opportunity, I sincerely congratulate all people of the countries of the distant and near abroad on the New Year, I wish peace and prosperity to all.

Dear compatriots!

We named the new year 2018 as the Year of supporting active entrepreneurship, innovative ideas and technologies.

Today, when we are building our future, we should focus on these priority tasks.

This is the rightest way, especially in the current conditions of aggravation of competition in the international arena.

In this regard, we have every reason to assert that 2018 will be decisive in development of Uzbekistan.

In the new year, as before, further increasing the level and quality of life, the real incomes of all strata of the population will be of special importance for us.

Strengthening the atmosphere of peace and stability, interethnic and civil harmony in the country will remain the main task for us.

We will pay special attention to expanding relations with our compatriots abroad.

I am sure that we will reach new milestones that we have determined for ourselves in 2018, all together and through selfless labor.

Dear friends!

In these bright moments, we are entering the new year with new dreams and hopes.

I sincerely wish you all family happiness, success to your children and grandchildren!

May peace always reign in our country, may the life of our people be prosperous!

Happy New Year, my dear compatriots!


Source  :  UzDaily