It is worth to mention that financial structures, as taxpayers, have peculiarity in taxation in almost all tax types. If taxes calculated based on account, banks pay taxes on another scheme. Central Bank of Uzbekistan sets settlement accounts for banks, not the Ministry of Finance of Uzbekistan.

Participants discussed issues of value added tax and property tax payment. The bank has preferences on payment of VAT despite some of its products are obliged with VAT.

In this connection, accountants should clearly know structure of income to prepare correct accounting reports and financial policy of the bank. Property tax also requires special knowledge as the banks have pledged property in their balance.

The seminar helps to raise knowledge of accountants of the bank as it is important to ensure sustainable operation of the banking system in condition of global financial and economic crisis.