• SHARE OF SMALL BUSINESS IN GDP AND INDUSTRY (%)
  • Outline of uzbekistan




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    Measures

    Results

    Indicators of the top
    ten countries according to the report "Doing Business"

    Reducing the number of procedures for the registration of new enterprises

    3 procedures

    1-3 procedures

    Reducing the time spent on the registration of new enterprises

    from 14 to 4 days

    1-13 days

    Reducing the initial costs of creating new enterprises

    0% of income per capita

    0-25% of income per capita

    Reducing the number of procedures for registering property

    1 procedure

    1-7 procedures

    Reducing the time spent on the registration of property

    7 days

    2-38 days

    Reducing the number of tax payments

    7 payments

    3-29 payments

    Reducing the number of documents for export

    4 documents

    3-7 documents

    Reducing the number of documents for import

    5 documents

    3-5 documents



    Indicators

    DB-2016

    DB-2015

    Changes

    1.

    Business registration

    42

    64

    ▲22

    2.

    Obtaining construction permits

    151

    149

    ▼-2

    3.

    Getting electricity

    112

    108

    ▼-4

    4.

    Property registration

    87

    113

    ▲26

    5.

    Crediting

    42

    105

    ▲63

    6.

    Advocacy

    88

    87

    ▼-1

    7.

    Taxing

    115

    117

    ▲2

    8.

    International trade

    159

    158

    ▼-1

    9.

    Contracts’ execution

    32

    32

    0

    10.

    Insolvency resolution

    75

    75

    0

    Total ranking

    87

    103

    ▲16

    UZBEKISTAN RANKING IN
    «DOING BUSINESS» REPORT

    SHARE OF SMALL BUSINESS IN GDP AND INDUSTRY (%)

    SME’s EXPORT GROWTH (%)

    SME’s SHARE IN TOTAL EMPLOYMENT (%)

    SME SHARE IN INVESTMENT ACTIVITY (%)

    DECREASE OF TAX BURDEN


    For the past years the aggregate tax burden decreased by almost 3 times. Moreover the Government provides additional tax incentives for exporters, small business enterprises and companies engaged in new investments and starting production of new goods and products

    Taxes

    Tax rates in 2015

    Legal entities income tax

    8%

    Individual income tax

    7.5%-22% 

    Value added tax

    20%

    Single social payment

    15% 

    Single tax payment for small enterprises

    5%

    PRIORITIES FOR SUSTAINABLE ECONOMIC DEVELOPMENT OF THE REPUBLIC OF UZBEKISTAN
    DURING 2015-2020
    1. Retaining macroeconomic stability, domestic and external balance of the economy;
    2. Active industrial policy, aimed for structural changes, rapid growth of the share of processing industry with the production of high value added goods (textile industry, etc);
    3. Implementation of modern innovative technologies, including environment-friendly and energy-saving;
    4. Modernization and development of the industrial infrastructure, particularly transport, power industry, water use and sewer systems, as well as means of communication;
    5. Intensification of agricultural sector at the expense of the introduction of new technologies for water conservation, farming efficiency and crop productivity (fruit and vegetable processing);
    6. Further liberalization of the economy and improvement of the business environment for promoting small business and private entrepreneurship, as well as attracting foreign investment;
    7. Supporting further development of automobile industry in Central Asia (General Motors, MAN, ISUZU, etc);
    8. Active investment on raising human capital in education, health and physical training spheres.

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