European Journal of Economics, Finance and Business Development

Foreign Experience of Efficient Use of Tax Incentives and Prospects of Application in Practice of Uzbekistan

Nurmatov Sherzod Rustamovich

Research Center “Scientific Bases and Problems of the Development of the Economy of Uzbekistan” under the Tashkent State University of Economics, Researcher

Keywords: tax, tax incentive, efficiency, cost-benefit analysis, small business, investment.

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Abstract

The article discusses the foreign experience of efficient use of tax incentives and the prospects of their application in the practice of Uzbekistan. Moreover, the article is devoted to the consideration of the methods for determining the effectiveness of tax incentives. Furthermore, the article proposes to develop some other measures aimed at promoting the economic growth and improving the business environment of Uzbekistan.