Tuesday, 19, March, 2019

The Tax Committee of Uzbekistan has recommended employers to increase the pay of employees, the Committee said on its Facebook page.

The committee notes that wages could be raised through the money kept after tax cuts, including through the cut unified social payment (USP). This recommendation is contained in the Dec 26 presidential decree.

In the new year, the rate of the USP for budget-financed organizations and state-owned enterprises, legal entities with a state share in the authorized capital of 50% or over, and their structural divisions is kept at 25%, while for the rest of the payers, the USP is cut from 15% to 12%.

Latest in Finances