Audit and economical analysis

Table 197

Analysis of Taxes and Other Compulsory Payments

Indicator name	Line	Last year	Report year	Difference	Growth
1. Profit tax for legal entities	280	16 304 363	30 730 577	14 426 214	188.4
2. Income tax on personal income	290	191 645 223	258 722 106	67 076883	135.1
including: deductions to personal savings pension accounts	291
3. Innovation and Social Infrastructure Development Tax	300	40 674 456	83 965 344	43 290 888	206.4
4. Value Added Tax	310	27 132 645	417 841 490	146 515 845	153.8
5. Unlimited tax	320	-	-	-	-
6. The tax on subsoil use	330	-	-	-	-
6. Water use tax	340	2 256 400	3 942 012	1 685 612	174.7
7. Income tax on legal entities	350	213 121 506	313 560 412	82 438 906	146.9
8. Land Tax from Yuridic Persons	360	125 642 301	138 625 410	12 983 109	110.4

Conclusion: Profit tax for the enterprise has increased by 14,423,214 UZS or 188,4% compared with the previous year. Taxes on personal income increased by 67 076 883 thousand UZS or 135.1% compared with the previous year, taxation and social infrastructure development tax increased by UZS 43 290 888 thousand or 206.4% compared with the previous year, i 146 515 845 thousand UZS or 153.8 million sums, the water use tax of 1 685 612 thousand UZS or 174.7 million, the property tax payment was 82 438 906 thousand UZS, or by 146.9 percent.

 

  Dynamics of tax payments, comparative analysis with their results

 

Creation of a modern tax system is one of the basic conditions for accelerated development of the economy, creation of favorable conditions for entrepreneurship activity, improvement of investment climate, and expansion of production and service.

In particular, in order to gradually reduce the tax burden on business entities in the process of improving the taxation system, it is important to reduce the direct tax burden on their income. Of course, as a result of reducing the tax burden, enterprises have the opportunity to invest in their investments to modernize their production, increase their efficiency, and boost their investment.

It is a logical continuation of the structural reforms and reforms implemented in the country in the five main priorities of development of the Republic of Uzbekistan for 2017-2021, consistent simplification of the system of taxation, simplifying the tax base such as reducing the tax burden by expanding.

In order to implement these tasks, as well as introduce modern methods of tax administration, increase tax collection and other compulsory payments, the President of the Republic of Uzbekistan Islam Karimov signed the Law of the Republic of Uzbekistan "On tax administration improvement, "On Measures to Increase Intrests".

The decree defined the most important directions of reforming the system of tax authorities in order to improve the taxation system, increase tax collection and other compulsory payments.

In particular, the introduction of modern information and communication technologies and advanced automated methods of analysis into the process of tax administration is aimed at providing taxpayers, first of all, the transition task was determined. The main goal is to reduce the cost of taxpayers' money, travel and other expenses on the one hand, and, on the other hand, to prevent corruption, such as extortion.

In addition, taxpayers will have the opportunity to fully support taxpayers, improve their legal culture and develop effective mechanisms for the prevention of tax offenses, and introduce modern tax control practices, keeps you up.

The systematic analysis of the dynamics of macroeconomic indicators and the tax potential of the regions contributes to the full coverage of taxation objects and the implementation of effective tax incentives to increase the revenue base of local budgets and ensure their independence. will do.

There are also a number of new procedures for securing "healthy competition" and preventing "secretive business" among business entities.

Over the past period, a number of positive results have been achieved as a result of reducing the number of inspections and unreasonable interference in their activities, and these processes are continuing.

Trends in the abolition of unscheduled and alternative audits of business activities, simplification of reporting forms and terms of submission, the simplification of the timeframes, the amount of funds and the effectiveness of new peripheral pays, and the increase in payments and revenues to the budget. it seems clear.

Information on business entities' payments to the budget shall be reflected in the report on the financial results at the value paid in the invoice and actually paid.

Table 198