According to the Tax Committee, the interest rate of the penalty is 1/300 of the current refinancing rate (14%) of the Central Bank of Uzbekistan.

For example, for 500,000 soums of tax arrears, the penalty amount is calculated as follows: 500,000 x (14%/300) = 233.33

Penalties in the amount of 233.33 soums are accrued per day for each day of delay in repayment of this tax debt.

Accrued penalties are also considered tax arrears, and the tax authorities apply enforcement measures against them.

We remind you that the refinancing rate has been introduced since March 24 of this year.