STUDY OF INFLUENCE OF TAX REFORMS ON THE FUNCTIONING OF TAXATION SYSTEM OF THE REPUBLIC OF UZBEKISTAN. PART 2.

A comparative analysis of the state of tax system of the Republic of Uzbekistan before and after the implementation of a number of reforms, as well as the achievement of target parameters of tax reform, was carried out. The main directions of the study are the level of tax burden and the balance of tax burden under different taxation systems of economic entities of Uzbekistan, the unification of taxes and optimization of tax reporting, the impact of tax reform on the dynamics of revenue and expenditure parts of the State budget. In addition, the development of regulatory framework for taxation, including legal protection of economic entities during tax administration, and transformation of tax control mechanisms and tools during tax reform were studied. The assessment results of tax reforms impact on the business climate in the country, including on various types of business entities (small businesses, farms, family businesses and others) are presented. The positive consequences of the ongoing reform processes are highlighted, such as increasing the transparency of tax rules, improving administrative procedures in the field of taxation, and reducing the tax burden. It is shown that the improvement of tax collection system, in particular the value added tax, contributed to the alignment of value chain, harmonization of the interests of participants in this chain, and the reduction of number of enterprises using various tax avoidance schemes. Attention is also focused on the fact that certain measures have been implemented to improve the interaction of state bodies with tax subjects, the mechanisms of this interaction have changed, as well as methods of tax control and principles of resolving tax disputes. It is noted that the reform process has not yet been completed and consistent actions are required to transform the tax system in order to further create conditions for the economic growth of the Republic of Uzbekistan.

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