Saturday, 13, July, 2024

The President signed the Additional Measures To Develop the Service Sector Decree which identified priority areas for the development of the services sector.

According to the decree, from April 1, 2022 to January 1, 2025, the social tax for bars, restaurants, businesses providing accommodation, passenger and freight, repair and maintenance of vehicles, computer, repair of household appliances, agro- and veterinary and entertainment services has been set at 1 percent.

From January 1, 2022 to January 1, 2027, for hotels and shopping malls with an area of ​​over 5,000 sqm, the land tax and property tax rates will be reduced by 90 percent.

From April 1, 2022 to January 1, 2025, for businesses providing catering, hotel, shopping and entertainment, tour operator and travel agency services in 28 districts and cities, a turnover tax is set at 1 percent; property and land tax - 1 percent of the amount for these types of taxes.

Also, from July 1, 2022, in the indicated districts and cities, the procedure will be introduced for putting up on e-online auctions of land plots for the construction of tourist facilities.

From January 1, 2022, the excise tax rate for mobile service providers will be set at 10 percent.

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