16:23 / 31.12.2020
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Uzbekistan to abolish procedure for mandatory annual revaluation of fixed assets 

The President has signed the decree on measures to ensure the implementation of the law On the State Budget of Uzbekistan for 2021.

According to the document, Uzbekistan will abolish the procedure for the mandatory annual revaluation of fixed assets.

It should be noted that every year all enterprises, regardless of their form of ownership and departmental subordination, carry out a mandatory revaluation of fixed assets as of January 1 by February 1.

This issue is regulated by the document on the procedure for the annual revaluation of fixed assets as of January 1.

The regulation applies to all enterprises, organizations and institutions of Uzbekistan.

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