The plenary session is chaired by the Chairman of the Senate of the Oliy Majlis, Tanzila Narbayeva. You can follow the discussion of issues at the plenary session directly online via the Senate's YouTube channel.

The Law "On amendments and additions to the Tax Code of the Republic of Uzbekistan" was discussed at the Senate meeting.

The senators noted that the country is implementing a set of measures aimed at radically improving the education and training system, improving the quality of transport services provided to the population, as well as reducing the tax burden for tax payers.

At the same time, there is a need to extend the validity of existing preferences, as well as expand the list of activities for which temporary tax benefits can be applied.

This Law introduces amendments to the Tax Code providing for the extension of the tax rates established for budget organizations receiving income from additional sources until January 1, 2027, as well as an increase in the maximum amount of total income from 5 billion to 10 billion soums, in the presence of which taxpayers pay monthly advance payments after a full quarter.

The law establishes that budget subsidies issued on the basis of a decision of the President of the Republic of Uzbekistan or the Cabinet of Ministers of the Republic of Uzbekistan are not included in the total income.

In addition, temporary income tax benefits are provided for expenses related to the construction of buildings of non-governmental organizations of general secondary education at their own expense.

It also provides for temporary exemption from payment of value-added tax on the import into the territory of the Republic of Uzbekistan of prosthetic products and their components, spare parts according to the list approved by the decree of the President of the Republic of Uzbekistan and turnover of operators of wagons (containers) who are residents of the Republic of Uzbekistan participating in the transportation process on railway transport by providing services for the provision of wagons (containers) on a rental basis.

At the meeting, this Law was actively discussed by senators and it was emphasized that it is important in creating additional conditions for improving the education system, improving the quality of transport services provided to the population, as well as reducing the tax burden for taxpayers.

Following the discussion, the Law was approved by the senators.