1442 year 11 rabi-ul-Awwal | 2020 year 28 october, wednesday
Prayer times Azan

Uzbekistan is among the top 20 most reformed countries

11:05 / 04.10.2019 224 Reading mode + -

Uzbekistan is among the top 20 countries in the world where the World Bank has implemented the biggest reforms to facilitate business.

In particular, the steps taken in 5 directions in Uzbekistan were recognized.

According to the World Bank, Uzbekistan has recently strengthened protection of minority investors, simplified the tax system, strengthened enforcement of contracts, and made significant innovations in foreign trade.

In addition, new requirements of independent board members in commercial organizations and the role of audit committees have been strengthened.

It is also noted that infrastructure taxes are combined with income taxes. The World Bank also acknowledged the steps taken to develop the institution of mediation, noting that a single legal framework has been established and mechanisms for promoting the use of mediation have been introduced.

It also noted that customs procedures for risk-based inspections were introduced.

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