Taxes reduced by almost 10 times: jewelers in Osh were explained the benefits of legalization

Сергей Мацера Economy / Exclusive
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On February 20, a meeting was held in Osh to discuss issues related to the legalization of jewelry.

Abylbek Abdyrai uulu, head of the information support service of the State Tax Service, emphasized that legalization will help reduce the tax burden and improve conditions for business. “Currently, more than a hundred entrepreneurs engaged in gold sales are undergoing training on legalization and entering information into the system through their personal accounts. We have already conducted similar sessions, but there was a need for additional training, so our specialists went on-site to demonstrate all stages of the process,” he noted.

Previously, registration cost 34 soms per item, but under the legalization framework, this fee is now 24 soms. Additionally, the tax rate has been reduced from 2.4% to 0.25%. The legalization period is limited and will end on March 1, so we are intensifying our outreach efforts,” he added.

As of today, 462 individuals engaged in jewelry trade are registered in Osh.

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