In Osh, sewing workshops and jewelers are granted tax benefits, and taxes and social payments are reduced

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In the Osh region, the tax service has announced the introduction of new benefits for entrepreneurs working in employment, as reported by Asylbek Abdyrai uulu, head of the information support center.

Since the beginning of this year, the tax concessions apply to several sectors, including sewing workshops and companies engaged in the sale of jewelry.

“We are conducting explanatory activities for entrepreneurs about the new benefits proposed by the tax service. The income tax is now only 1% instead of the previous 10%, which corresponds to a reduction of 90%. Social payments have also been reduced by 60%. These changes will allow many entrepreneurs to operate legally and without obstacles, fulfilling state obligations in accordance with the legislation,” he noted.

Moreover, the requirements regarding inspections for transactions involving cars, real estate, and jewelry have been eased. There is information that a moratorium on tax inspections will be introduced by the end of the year, which will allow a focus on explanatory work and familiarization with business regulations.

Currently, there are 160 registered sewing enterprises and 462 jewelry sellers in Osh. The number of such businesses continues to grow,” added A. Abdyrai uulu.

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