What is the biggest taxation issue right now in Uzbekistan?

[MUHLIS]

Does anybody know about his? :( What is the biggest taxation issue in our country right now? And what are the possible solutions or alternatives you may suggest? :rolleyes:

Nalog na vozdux

Налог на взятки

[MUHLIS]

Налог на взятки
Could you please be more serious?

[trigger-happy]

In my opinion, the tax that hits people hardest is the import tax. When our own production cannot keep up with the demand, such strict import taxes make imported products no longer affordable. Now that there isn't a semblance of competition in the market, local producers will hike up the prices as much as they please - they still won't outsell the demand.

[MUHLIS]

In my opinion, the tax that hits people hardest is the import tax. When our own production cannot keep up with the demand, such strict import taxes make imported products no longer affordable. Now that there isn't a semblance of competition in the market, local producers will hike up the prices as much as they please - they still won't outsell the demand.
Could you please give me some surces where I can get a couple formal dcuments about it? Like the full copy of that law or whaterver...?
By the way what are the pro.s and con.s of this tax? Also, you forgot to put your own possible alternative or suggestion ;)

[trigger-happy]

Could you please give me some surces where I can get a couple formal dcuments about it? Like the full copy of that law or whaterver...?
By the way what are the pro.s and con.s of this tax? Also, you forgot to put your own possible alternative or suggestion ;)
Full copy of law - I suggest you look in a public library - it should be available.
Pros - a reasonable import tax would of course provide income for the treasury, and it is hoped, stimulate local production.
Cons - with reasonable import tax, pros should outwiegh the cons. But I already mentioned the cons of an import tax gone wrong in my original message - hiked up prices, empty markets, hungry people.
Possible alternative suggestion - lower the tax on import items that are not readily available locally, and keep the tax high on products that are avaiable locally (cars, some types of food and medicine, etc.)
Stimulate local production using alternative methods - lower taxes for manufacturing businesses, provide initial support for businesses creating new local products (certain types of food, clothing, household items, etc). Once the local production is developed enough to compete with imports, the issue should dissipate by itself.

[trigger-happy]

Millat Farzandi, can I ask you a question?
WHY, WHY do you think I am Siege? Can you not allow the possiblity of a unique individual nick-named "trigger-happy" to exist? My first appearance on this forum as "trigger-happy woman" was in the post "Would you forgive?" on the Discussion Forum. Check it out, and if you have an opinion, I'd love to hear it.

[Mr Potatokiller]

Our government taxes every industry/individual/firm as the same rate, and expects the optimum returns. I can's stress enough how wrong that is.

[Abu Hurayra]

Does anybody know about his? :( What is the biggest taxation issue in our country right now? And what are the possible solutions or alternatives you may suggest? :rolleyes:

Has anyone opinion about actual status of the above stated issue?


kind regards...

PS: I liked some old answers, they sound funny but they really make sense ;)

[anatoliydaev]

Has anyone opinion about actual status of the above stated issue?


kind regards...

PS: I liked some old answers, they sound funny but they really make sense ;)

Here we go:
The highest single position is implicit taxes for domestic goods and produces (excise and VAT taxes), aprox. half of state earnings.
Then land and resource taxes, followed by the direct taxes (such as income and profit taxes).

[Abu Hurayra]

Here we go:
The highest single position is implicit taxes for domestic goods and produces (excise and VAT taxes), aprox. half of state earnings.
Then land and resource taxes, followed by the direct taxes (such as income and profit taxes).
in case:
Do not want to tell in details but there are several laws of Uzb, concerning giving "Tax Holidays" for those foreign investments for a 3-5 years period(If I am not mistaken).
Do they still function, or have those laws lately been cancelled?

[anatoliydaev]

Do not want to tell in details but there are several laws of Uzb, concerning giving "Tax Holidays" for those foreign investments for a 3-5 years period(If I am not mistaken).
Do they still function, or have those laws lately been cancelled?

AFAIK, these laws are still applied (because obviously the government did not go completely insane). However, additional individual package of "holidays" is available via special decision of the ministries.

[Abu Hurayra]

AFAIK, these laws are still applied (because obviously the government did not go completely insane). However, additional individual package of "holidays" is available via special decision of the ministries.

Yes, we got very beautifull laws but do they really function and appliable :rolleyes:
Foreign Countries do not more trust to Uzb :( , especially after Uzb governments Genocide in Andijan. At the firm I worked there was a special department that make risk analysis of Countries. Once I had a task related to this issue. I was upset finding my country- Uzbekistans risk profile at the most riskiest level,where there were countries like Iraq, Afganistan. Even Kazakstan was one level above Uzbekistan.
Huh when there will come really sunny days in Uzbekistan?:( :rolleyes:

[Amiri Turkiston]

1. INCOME TAX amounted 33% from amount of revenue that have to be payed by brokerage houses

2. VAT - 20% from amount of good

3. Excise tax - sometimes 30% from amount of good

4. Social payment - 30% - that each employer have to pay from amount of salary of each employee

& bla bla bla

[himalay]

Mazlum,

I think, from what you had been taking interest in, you are more interested in learning the country profile, or get a sense of the real picture. But knowing the tax rates and other duties aren't going to give you much, or at least not the whole picture.

The thing is that taxes are nominal matters. There would be some non-nominal factors as well, let alone more realistic issues to be faced in Uzbekistan.

Non-nominal factors: stability, economic infrastructure, and even socio-cultural predisposition of people and so on...

Realistic, more informal costs - whatever else you want to include here (informal pies; shares; bribary and so on).

So, you will need to emphasise in other factors as well to similar extent than to taxes and other rates.