SIGNIFICANCE OF EXCISE TAX IN THE TAX SYSTEM OF UZBEKISTAN

Today, all citizens of our republic have their own understanding of taxes, and each of them is a taxpayer. In our developing Republic, new reforms are being carried out in the tax system, as evidenced by the signing by the President of the Republic of Uzbekistan of the Law “On Amendments to the Tax Code of the Republic of Uzbekistan” dated December 30, 2019. According to him, from January 1, 2020, tax incentives will be provided only on the basis of the Tax Code. The new version of the Tax Code consists of 21 sections, 71 chapters and 480 articles. Many opportunities and benefits have been provided. Including, in this article we will get acquainted with the news on excise tax, excise tax rates and excise tax reliefs.