Starting from the beginning of next year, 5% of VAT revenues will be allocated to the Tashkent city budget, while 20% will go to the budgets of other regions. A decree on this was signed on December 26. This was reported by kursiv.uz.reports.
Local budgets will be replenished not only through VAT, but also through corporate income tax, excise duties on gasoline and diesel fuel, and state duties. In addition, district and city councils of people’s deputies will be granted the right, including, to increase fee rates by up to 20% for the sale of alcoholic products in public catering establishments. All of these revenues will remain in local budgets.
In addition, as an extra source of financing, part of revenues will be transferred to localities. In particular, funds from the direct leasing of agricultural land will be directed to district and city budgets.
Taxes collected from the activities of dehkan markets, specialized markets, and goods markets will also accrue to the district and city budgets where they are located. These funds are intended to be spent on market development and improving infrastructure in mahallas.
At the same time, starting next year, regional and city khokimiyats will be able to place idle local budget funds on deposits in commercial banks and earn additional income through auctions.
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