Law of the Republic of Uzbekistan on Amendments and Additions to the Tax Code of the Republic of Uzbekistan

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27.07.2022

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[ OKOZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.09.00.00 Tax legislation / 07.09.01.00 General provisions; 2. 21.00.00.00 Comprehensive documents on amendments and additions / 21.01.00.00 Laws of the Republic of Uzbekistan] [ TMS: 1. Finance / Taxes (fees, duties)] Send proposal for the document Listen to audio Get reference from document element Law of the Republic of Uzbekistan Send proposal for the document Listen to audio Get reference from document element On amendments and additions to the Tax Code of the Republic of Uzbekistan Send proposal for the document Listen to audio Get reference from document element Adopted by the Legislative Chamber on December 9, 2019 Approved by the Senate on December 14, 2019 Send proposal for the document Listen to audio Get reference from document element Send proposal for the document Listen to audio Get reference from document element Article 1. Make changes and additions to the Tax Code of the Republic of Uzbekistan, approved by the Law of the Republic of Uzbekistan dated December 25, 2007 No. ZRU-136 (Bulletin of the Chambers of the Oliy Majlis of the Republic of Uzbekistan, 2007, Appendix 1 to No. 12; 2008, No. 12, Art. 639; 2009, No. 9, Arts. 330, 331, No. 12, Arts. 470, 472, 473; 2010, No. 5, Art. 178, No. 9, Arts. 334, 335, 336, 337, No. 10, Art. 380, No. 12, Art. 474; 2011, No. 1, Art. 1, No. 9, Art. 248, No. 12/2, Arts. 364, 365; 2012, No. 4, Art. 106, No. 9/1, Art. 238, No. 12, Arts. 334, 336; 2013, No. 10, Art. 263, No. 12, Art. 349; 2014, No. 1, Art. 2, No. 9, Art. 244, No. 12, Arts. 341, 343; 2015, No. 8, Art. 312, No. 12, Arts. 452, 454; 2016, No. 4, Art. 125, No. 9, Art. 276, No. 12, Arts. 383, 384, 385; 2017, No. 4, Art. 137, No. 6, Art. 300, No. 9, Art. 510, No. 10, Art. 605, No. 12, Arts. 772, 773; 2018, No. 1, Arts. 1, 4, No. 4, Art. 224, No. 7, Arts. 431, 433, No. 10, Art. 676, No. 12, Arts. 781, 783; 2019, No. 1, Arts. 1, 2, 3, No. 2, Art. 47, No. 3, Arts. 161, 166, No. 8, Art. 471, No. 9, Art. 589, No. 11, Art. 792), approving its new edition ( attached ). Send proposal for the document Listen to audio Get reference from document element Article 2. To the Cabinet of Ministers of the Republic of Uzbekistan: Send proposal for the document Listen to audio Get reference from document element ensure continuous and comprehensive monitoring and analysis of the practical effect and effectiveness of the norms of the Tax Code of the Republic of Uzbekistan in the new edition (hereinafter - Tax Code) during 2020 and 2021; Send proposal for the document Listen to audio Get reference from document element if necessary, submit proposals in the established order aimed at further improvement of individual norms of the Tax Code; Send proposal for the document Listen to audio Get reference from document element bring government resolutions into compliance with the Tax Code; Send proposal for the document Listen to audio Get reference from document element ensure the review and cancellation by state management bodies of their normative legal acts contradicting the Tax Code. Send proposal for the document Listen to audio Get reference from document element Article 3. The State Tax Committee of the Republic of Uzbekistan jointly with the Ministry of Finance, the Ministry of Justice of the Republic of Uzbekistan and other interested ministries, state committees and departments ensure the implementation, dissemination to executors and explanation of the essence and meaning of the Tax Code. [ OKOZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.10.10.00 (Lost force) General conditions for the application of tax benefits / 07.90.00.00 (Lost force) State-wide taxes] Send proposal for the document Listen to audio Get reference from document element Article 4. Tax benefits and other mandatory payments provided for by: Send proposal for the document Listen to audio Get reference from document element the Tax Code of the Republic of Uzbekistan, approved by the Law of the Republic of Uzbekistan dated December 25, 2007 No. ZRU-136, remain in force until April 1, 2020; Send proposal for the document Listen to audio Get reference from document element acts of tax legislation, including decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan, adopted before January 1, 2020, remain in force until the expiration of their term. Send proposal for the document Listen to audio Get reference from document element It is established that in place of the unified social payment, unified tax payment, and fixed tax, a social tax, turnover tax, and personal income tax in a fixed amount are introduced, respectively, with the extension to their taxpayers of previously provided by law benefits and features of calculation. Send proposal for the document Listen to audio Get reference from document element Article 5. It is established that the refund of the amount of value-added tax arising from the excess of the amount of value-added tax claimed for deduction over the amount of accrued tax is carried out from July 1, 2020. Send proposal for the document Listen to audio Get reference from document element Article 6. This Law enters into force from January 1, 2020. Send proposal for the document Listen to audio Get reference from document element The provisions of Chapter 69 of the Tax Code apply to production sharing agreements concluded after January 1, 2020. See previous edition. Send proposal for the document Listen to audio Get reference from document element Send proposal for the document Listen to audio Get reference from document element Import of goods, as well as turnover on the sale of goods (services) acquired by legal entities within the framework of projects implemented in the Republic of Uzbekistan fully or partially at the expense of funds (loans, credits) of international financial institutions and foreign government financial organizations, approved before July 1, 2020 under international treaties of the Republic of Uzbekistan, are not subject to value-added tax and excise tax. At the same time, these tax benefits do not apply to goods (services) acquired at the expense of funds (loans, credits) of international financial institutions and foreign government financial organizations refinanced or re-lent through commercial banks of the Republic of Uzbekistan. (part three of article 6 in the edition of the Law of the Republic of Uzbekistan dated July 26, 2022 No. ZRU-785 - National database of legislation, 27.07.2022, No. 03/22/785/0679 - extends to goods (services) acquired based on new agreements concluded after May 1, 2022 (regardless of the form and method of documentation) between commercial banks and business entities) Send proposal for the document Listen to audio Get reference from document element For the period until January 1, 2022, a procedure is introduced according to which state tax service bodies notify the Authorized Representative of the President of the Republic of Uzbekistan for the protection of rights and legitimate interests of business entities about the appointment of a tax audit in the manner established by legislation. Send proposal for the document Listen to audio Get reference from document element A taxpayer has the right to carry forward a loss incurred before January 1, 2020, into the future for no more than five years following the tax period in which this loss was incurred. The total amount of the carried forward loss, taken into account in each subsequent tax period, may not exceed 50 percent of the tax base of the current tax period. Send proposal for the document Listen to audio Get reference from document element Sections VI, VII and Chapter 5 of the Tax Code are introduced into force from January 1, 2022. Send proposal for the document Listen to audio Get reference from document element Paragraph 1 of part one of article 40 of the Tax Code is introduced into force from January 1, 2023. Until January 1, 2023, the controlling person of a foreign company is recognized as a legal or physical person whose share of participation in a foreign company exceeds 50 percent. Send proposal for the document Listen to audio Get reference from document element President of the Republic of Uzbekistan Sh. MIRZIYOYEV Send proposal for the document Listen to audio Get reference from document element c. Tashkent, Send proposal for the document Listen to audio Get reference from document element December 30, 2019, Send proposal for the document Listen to audio Get reference from document element No. ZRU-599 (National database of legislation, 31.12.2019, No. 03/19/599/4255; 31.12.2020, No. 03/20/659/1681; 27.07.2022, No. 03/22/785/0679)