PECULIARITIES OF TAX DEFERMENT OR INSTALLMENT PAYMENT

Abstract

This article analyzes a theoretical and scientific analysis of the rules of changing the term of tax payment for taxpayers established in the current tax legislation. In particular, it was noted that changing the term of payment of tax is a state aid to taxpayers experiencing financial difficulties, and if such an opportunity is provided, the accrual of interest for late payment of tax may put them in a more difficult situation. The article stated that the provisions of the Tax Code of the Republic of Uzbekistan, which came into force in 2020, make it difficult for taxpayers to pay taxes in installments. In addition, the tax legislation of foreign countries was analyzed and proposals were developed to simplify the rules for changing the current tax payment period and allowing any taxpayer to use this rule. In addition, it was proposed to include in the current Tax Code provisions on investment tax incentives for taxpayers wishing to expand the production of their funds and use innovative technologies through tax deferral.