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

Наталья Маркова Economy
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On February 20, a meeting was held in Osh, where jewelry sellers were informed about the legalization of products made from precious metals.

Abylbek Abdyrai uulu, head of the information support service of the State Tax Service, noted that legalization would significantly reduce the tax burden and create more favorable conditions for entrepreneurs. “Currently, more than a hundred gold traders are undergoing training on the legalization of goods and entering data through their personal accounts. We have already conducted similar events, but there was a need for further information. Therefore, our specialists went to the field to explain each stage of the process in detail,” he added.

Previously, the department required 34 soms for the registration of each item. However, during the legalization process, this amount has been reduced to 24 soms, which is 10 soms less. The tax rate has also decreased from 2.4% to 0.25%. Legalization is expected to be completed by March 1, so we are intensifying our outreach efforts,” clarified Abylbek Abdyrai uulu.

According to official data, 462 people are involved in the jewelry trade in Osh.
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