Regulatory Alerts2015-08-20 | ЎРҚ-391Added · Updated
Law of the Republic of Uzbekistan on Amendments and Additions to Certain Legislative Acts to Further Strengthen Reliable Protection of Private Property and Business Entities and Remove Obstacles to Their Rapid Development
The Law amends the Criminal Code of Uzbekistan to introduce Chapter XIII-1, establishing criminal liability for officials who violate private property rights, illegally interfere with business activities, unlawfully suspend operations or bank accounts, force sponsorship, deny privileges, or illegally request account information. It introduces specific offenses including bribery in non-state commercial organizations and abuse of power by their officials, with penalties ranging from fines to imprisonment. The Law also provides for exemption from criminal liability for first-time offenders who fully compensate for damage caused by tax violations within thirty days of receiving the tax authority's decision.
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