In Uzbekistan, employers are reimbursed for the taxes they pay for their employees under the age of 25

In Uzbekistan, employers are reimbursed for the taxes they pay for their employees under the age of 25
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  • 27.04.2023 08:23:00
  • 1 min read

The presidential decree”on additional measures to promote the employment of young people and provide them with permanent employment " was adopted.

According to the decree, starting from May 1, 2023, until January 1, 2025, the amount of Social tax paid to employers (budgetary organizations, state enterprises, legal entities with a state share of 50 percent or more in the charter fund (capital), as well as to pay the social tax at a rate of one percent) by them is fully covered from the state budget.

In this case, the amount of Social tax is covered from the seventh month, provided that young employees carry out continuous labor activities for six months.

Also, the reimbursement of the amount of Social tax to employers will be made at the expense of transfers from the Republican budget to the extra-budgetary Pension Fund under the Ministry of Economy and finance in 2023.

 

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