According to him, the government is currently aware of 47 jewelry manufacturers, but most of them operate in the shadow sector. The draft law proposes a number of tax benefits that have no analogs among neighboring countries.
“The tax rate for the jewelry industry will be only 0.25% of turnover,” Shykmamatov noted.
He also added that the implementation of these measures will help legalize the jewelry sector, create new jobs, reduce labor migration, and have a positive impact on the socio-economic situation of citizens.
Shykmamatov emphasized that the industry has significant potential and, with government support, can achieve sustainable development over the next five years.
