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Taxpayers to save 12.8 trillion soums in 2020

Tax reforms implemented on the initiative of Shavkat Mirziyoyev demonstrate positive results in revenue growth, which is confirmed by international financial institutions.

Thus, the number of payers of value added tax increased 12 times, payers of income tax-6.5 times. As a result of a significant reduction in the tax burden on wages, the number of income tax payers increased by 700 thousand, and the amount of income from it doubled.

In continuation of these reforms, from October 1 this year, the VAT rate was reduced from 20 to 15 percent, a number of benefits were abolished. And from January 1, 2020, the rate of the single social payment levied on enterprises with a state share will decrease from 25 to 12 percent. As a result of these measures, 12.8 trillion soums will remain at the disposal of taxpayers in the coming year.

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