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Tuesday, November 21, 2017

Uzbekistan government highlights savings from electronic reporting

Officials from the Republic of Uzbekistan on Saturday highlighted successes in electronic reporting measures that have improved the country's business climate and increased support for small businesses and entrepreneurs.

The report said data from electronic reporting of tax and financial information showed electronic reporting had increased to 93 percent in 2013 and to 99.6 percent by the final quarter of 2014.

Using modern technology allows businesses to save time and reduce costs associated with paper use and printing. In 2011, Uzbekistan's banks used an average 3.5 tons of paper, significantly more than they are using now.

Additionally, past paper chains in sending reports to multiple divisions and departments created waiting times for the information to be processed. With the introduction of online reports, submission times are faster and staff resources are used much more efficiently.

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Republic of Uzbekistan 100078, Tashkent, 5 Mustaqillik Maydoni, Uzbekistan

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