ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2021
  • Volume: 11
  • Issue: 8

The negative effect of coronavirus infection on 2020 year budget revenues (On the example of Bukhara region of the republic of Uzbekistan)

General Directorate “Budget Revenues, Bukhara regional khokimiyat Finance, Strengthening the base and inter-budgetary relations” Department, Uzbekistan, Email id: dilitoyirov.@mail.ru

Online published on 28 September, 2021.

Abstract

This article discusses the impact of the spread of coronavirus infection on budget revenues in 2020. Measures developed to address the negative effects of the pandemic on the economy will be analyzed. As of May 15, 2020, the amount of fines and penalties on land tax and property tax of micro-firms and small enterprises from January 1, 2020 amounted to 518.0 million soums of 10557 enterprises. Deferral or installment payment of taxes by enterprises in Bukhara region in accordance with the Decree of the President of the Republic of Uzbekistan dated March 19, 2020 PF-5969 "On priority measures to mitigate the negative impact of the coronavirus pandemic and the global crisis on the economy" Applications were received from 417 business entities. Also this year of the President of the Republic of Uzbekistan. Pursuant to Decree No. PF-5978 of 3 April 2020, the following interest-free deferrals (installments) were granted until 1 October 2020, notifying the tax authorities.

Keywords

Budget, Revenue, Coronavirus, Budget Impact, Measures