"The tax system of the Republic of Uzbekistan" Features of the functioning of the tax system of Uzbekistan before independence

"The tax system of the Republic of Uzbekistan"

Features of the functioning of the tax system of Uzbekistan before independence

• Taxes in force in 1991 so. were a step ahead of the withdrawal of voluntarist profits that occurred before 1988, and in comparison with the normative method of profit distribution, flattened in At the same time, they have been subjected to fair criticism and needed to be improved.

• I stage of economic reforms of the tax system

• In the first stage of economic reform the tax system was oriented to fulfill the fiscal problems, the main aim of which was to provide a better balance of the budget. She had to deal with in a recession and, accordingly, reduce the tax base of extreme tension in the area of public finance. This period is characterized by a multiplicity of taxes and their high rates.The most important result of the tax reform of this period was the introduction of value added tax instead of sales tax and the sales tax.

• II stage
• of economic
• reforms of
• the tax system

• A significant part of the income of enterprises could be used for the formation of the wage fund, which consequently would reduce the tax base. Therefore, at the initial stage was a tax on income, which serves as a tool to mobilize the necessary funds in the budget

• III stage of economic reforms of the tax system

• Fiscal approach to tax policy was implemented through the establishment of relatively high rates of tax on income. Tax rate on income were differentiated by sector and ranged from 15 to 45%.In 1992, he introduced a tax on property and other resource taxes paid by both legal and natural persons. Approach to the collection of personal income tax has also changed. He was calculated based on the gross annual income.

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