Law of the Republic of Azerbaijan “on Insurance activity”
Pursuant to the newly introduced changes in the Law of the Republic of Azerbaijan on “Insurance activity” (Insurance Law), a new article was added to the Civil Code of the Republic of Azerbaijan (Civil Code).
On the implementation of virtual
cash register
In order to improve the online cash register, the Law of the Kyrgyz Republic No. 39 of April 13, 2018 introduced a change to the Tax Code of the Kyrgyz Republic in terms of the definition of a "virtual cash register ", which provides for the use of smartphones or computers along with the hardware cash register after the installation of the relevant software.
The control and monitoring system for
the implementation of investment
projects is started in Uzbekistan
The Regulation of organization the implementation and operation of the Automated Information System “Control and Monitoring the Implementation of Investment Projects” was approved in accordance with the Resolution of the Cabinet of Ministers dated July 22, 2019 No. 616 “On organizational measures for the implementation and operation of the information system in the field of monitoring and monitoring the implementation of investment projects”.
Regulatory developments in the
legislation of the Republic of
Uzbekistan
Since July 1, 2019, changes came into force that will affect customs regulation, licensing, public procurement, investor relations, corruption risk assessment and many different sectors.
The Central Bank keeps the
refinancing rate at 16% per annum
By decision from 20 July 2019, the Board of the Central Bank kept the refinancing rate unchanged at 16% per annum.