Taxes reduced by almost 10 times: jewelers in Osh were explained the benefits of legalization

Сергей Мацера Economy
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On February 20, a meeting was held in the city of Osh to clarify the process of legalizing jewelry products. The event gathered traders of precious metal items.

As noted by Asylbek Abdyrai uulu, head of the information support service of the State Tax Service, legalization will significantly reduce the tax burden and create more comfortable conditions for entrepreneurs. “Currently, over a hundred entrepreneurs engaged in the sale of gold are undergoing training on how to legalize their products and register data through their personal accounts. We have conducted similar seminars before, but there was a need for additional information, so our specialists went on-site to demonstrate all stages of the process,” he added.

Previously, when registering, each item was subject to a tax of 34 soms; however, as part of the legalization process, this fee has been reduced to 24 soms. Additionally, the tax rate has decreased from 2.4% to 0.25%. It is important to note that the legalization period is limited and will last until March 1, which emphasizes the need for active explanatory work,” Asylbek Abdyrai uulu explained.

According to official data, there are currently 462 citizens registered in Osh who are engaged in the trade of jewelry products.

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