Tashkent, Uzbekistan (UzDaily.com) -- Education in a non-state preschool or school educational organization is paid. Now, the expenses of a parent (adoptive parent) for this within 3 million soums per month for each child are exempt from taxation.

For example, a parent at his place of work receives a monthly salary of 6 million soums. with withholding personal income tax in the amount of 720 thousand soums (6,000 x 12%). He submitted a statement from the accounting department on the monthly transfer of the amount of 2.5 million soums to a preschool organization as tuition fee for his child.

The amount of 2.5 million soumsis not taxed. The accounting department will withhold tax only from the difference of 3.5 million soums (6000 - 2500). The tax will amount to 420 thousand soums. (3500 x 12%). The parent will save 300 thousand soums per month on the tax.

How to apply the benefit?

A parent can apply for:

at the place of work, by submitting to the accounting department of your enterprise an application for the transfer of funds to a non-state preschool or school educational organization and an invoice for payment (agreement);

by submitting to the tax service a declaration of income at the end of the year and documents on tuition fees.

From what date is the benefit valid?

The benefit is valid from 1 April 2022

The tax rate on income of individuals - non-residents received from sources in Uzbekistan has been reduced

The tax rate has been reduced from 20% to 12%.

For example, if a non-resident's monthly income was 1000 USD, then 200 USD was paid to the budget from this amount. Now the deduction amount will be 120 USD.

It should be noted that 12% is the personal income tax rate for resident individuals.

When is the tax cut effective?

According to the adopted Law, a rate of 12% is applied to income accrued from 1 May 2022.

What income does the 12% rate apply to?

The rate of 12% applies to income received under employment contracts and civil law contracts, as well as other income, except for dividends, interest and freight income.

Tax rates that have remained the same:

- on dividends and interest - 10%;

- on income from the provision of transport services for international transportation (income from freight) - 6%.

Do I need to resubmit personal income tax returns for May-June?

No, you can't resubmit. Since the report is presented on an accrual basis since the beginning of the year, it is sufficient to reflect the adjustments based on the results of July.