
Each winner who takes first place in their district (city) will receive 616 million soums — this is 1,400 times the base calculation amount allocated from the ministry's funds. ## Tax Regulations According to existing regulations, cash prizes awarded for winning competitions may, in some cases, be recorded as personal income, and 12% income tax may be withheld from them. If 12% tax were withheld from the prize of 616 million soums, the winner would receive 542 million 80 thousand soums.
However, according to paragraph 1 of part 1 of Article 369 of the Tax Code, prizes awarded based on the decision of the President of Uzbekistan or the Cabinet of Ministers are not subject to taxation. Therefore, the winners will receive the full amount of 616 million soums.
We previously provided detailed information about the winners of the "Teacher of the Year" competition.
Higher Education & Academic Analysis Bureau at Slide AI
Curated and fact-checked by the Slide AI Higher Education editorial team based on official releases from the Ministry of Higher Education, Science and Innovation and university press departments.
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