According to information provided by the STS, a law was previously adopted that allowed for the reduction of the reassessed tax to 20%. Meanwhile, the remaining 80% of the amount, as well as all fines and penalties, are subject to write-off.
Business representatives noted that even 20% of the total sales price remains a significant burden. In their opinion, if primary documents are taken into account, the profit tax could be calculated based on the difference between the purchase and sale prices, which would yield approximately 10% tax.
As a result of the discussion, the head of the STS proposed amendments to the legislation that would reduce the reassessed tax for exporters of livestock products from 20% to just 3%. Shykmamatov emphasized the importance of the well-being of entrepreneurs for the stability and sustainable development of the economy.
“Our main goal is to ensure legality, fair taxation, and order,” he added.
The initiative was positively received by the participants of the meeting, as reported by the STS.
