On Improving the Settlement Mechanism and Measures to Encourage Revenue Collection for the Republican Budget, Karakalpakstan Republic Budget, Regional and Tashkent City Local Budgets

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14.08.2017

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27.02.2009

30.07.1998

28.04.1998

04.02.1998

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Russian Eng Uzbek O’zb Uzb|Russian

[ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.05.00.00 Republican Budget / 07.05.02.00 Republican Budget Revenues; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.06.00.00 Karakalpakstan Republic Budget. Local Budget] [ TSZ: 1. Finance / Monetary System. Settlements] Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element Decree of the President of the Republic of Uzbekistan Link to the previous edition. Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element On Improving the Settlement Mechanism and Measures to Encourage Revenue Collection for the Republican Budget of the Republic of Uzbekistan, the Budget of the Karakalpakstan Republic, and the Local Budgets of Regions and the City of Tashkent (The name of the Decree is in the edition of the Decree of the President of the Republic of Uzbekistan No. PF-4631 dated July 8, 2014 — UR QHT, 2014, No. 29, Article 356) Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element To ensure the protection of the constitutional rights and interests of citizens, timely payment of pensions, allowances, scholarships, and wages to employees of enterprises and organizations funded from the budget, as well as in accordance with the Decision of the Constitutional Court of the Republic of Uzbekistan of January 16, 1998 "On Improving Legislation Regulating the Order of Withdrawal of Funds from Enterprise Settlement Accounts" and the Decision of the Council of the Oliy Majlis of the Republic of Uzbekistan No. 568-I dated January 20, 1998: LexUZ commentary See: Approved by the Decision of the Board of the Central Bank of the Republic of Uzbekistan, the Ministry of Finance of the Republic of Uzbekistan, and the State Tax Committee of the Republic of Uzbekistan "Instructions on the Procedure for Withdrawing Funds from Bank Settlement Accounts of Business Entities" (Registry No. 2342, March 15, 2012). Send suggestions for the document Listen to audio Get a link from the document element

1. Starting from February 1, 1998, the following procedure for withdrawing funds from the settlement accounts of business entities is established. [ OKOZ:

07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.29.00.00 Accounting. Financial Reporting / 07.29.04.00 Accounting for Funds, Currency, Low-Value and Fast-Wearing Items] Send suggestions for the document Listen to audio Get a link from the document element If there is a sufficient amount of funds in the settlement account to satisfy all claims imposed on it, these funds are withdrawn from the account in the order of receipt of the customer's order and other documents (whichever arrives first). Link to the previous edition. Send suggestions for the document Listen to audio Get a link from the document element [ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.29.00.00 Accounting. Financial Reporting / 07.29.06.00 Inventory and Revaluation, Revaluation, Write-off] Send suggestions for the document Listen to audio Get a link from the document element If the funds in the settlement account are insufficient to satisfy all claims imposed on it, the funds in the bank settlement accounts of business entities are withdrawn from the account proportionally to ensure equal satisfaction of the obligations of business entities for payments to the budget and mandatory payments arising from labor legal relations, primarily for payments to the budget, targeted state funds, and payment (execution) documents providing for the payment of wages. (The third paragraph of Item 1 is in the edition of the Decree of the President of the Republic of Uzbekistan No. PF-4631 dated July 8, 2014 — UR QHT, 2014, No. 29, Article 356) LexUZ commentary See: Approved by the Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 3420 dated February 8, 2023 "Instructions on the Procedure for Opening, Maintaining, and Closing Bank Settlement Accounts" (Registry No. 3420, February 8, 2023). Link to the previous edition. Send suggestions for the document Listen to audio Get a link from the document element Withdrawal of funds from the account for immediate and unavoidable needs related to direct production activities is carried out out of turn in the amount established by legislation. (Added by the fourth paragraph of Item 1 based on the Decree of the President of the Republic of Uzbekistan No. PF-1992 dated April 28, 1998) Send suggestions for the document Listen to audio Get a link from the document element The Central Bank and the Ministry of Finance, together with the Ministry of Justice of the Republic of Uzbekistan, shall develop and approve the "Instructions on the Procedure for Withdrawing Funds from Bank Settlement Accounts of Business Entities" within one week. LexUZ commentary See: Approved by the Decision of the Board of the Central Bank of the Republic of Uzbekistan, the Ministry of Finance of the Republic of Uzbekistan, and the State Tax Committee of the Republic of Uzbekistan No. 35/4, 82, 2011-41 dated December 12, 2011 "Instructions on the Procedure for Withdrawing Funds from Bank Settlement Accounts of Business Entities" (Registry No. 2342, March 15, 2012). [ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.29.00.00 Accounting. Financial Reporting / 07.29.04.00 Accounting for Funds, Currency, Low-Value and Fast-Wearing Items] Send suggestions for the document Listen to audio Get a link from the document element 2. Interference by officials of state management bodies in the work of financial, tax, customs, and banking institutions that leads to a violation of the established procedure for withdrawing funds from the settlement accounts of business entities is prohibited. Send suggestions for the document Listen to audio Get a link from the document element It is established that persons found guilty of violating the procedure for withdrawing funds specified in Item 1 of this Decree shall be subject to strict administrative and criminal liability in accordance with the law. [ OKOZ: 1. 03.00.00.00 Civil Legislation / 03.11.00.00 Specific Types of Obligations / 03.11.17.00 Settlements (also see 07.21.03.00) / 03.11.17.02 Settlements by Payment Orders] Send suggestions for the document Listen to audio Get a link from the document element 3. Personal responsibility for the timely transfer of payments to state budget revenues, the execution of operations on the revenue part of the budget, and compliance with the established procedure for withdrawing funds from the bank passbooks of business entities is imposed on the heads and chief accountants of commercial bank institutions and the Central Bank's settlement-cash centers. Link to the previous edition. Send suggestions for the document Listen to audio Get a link from the document element Link to the previous edition. (Item 4 lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-5147 dated August 10, 2017 — UR QHT, 2017, No. 32, Article 796) Link to the previous edition. (Item 5 lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-5147 dated August 10, 2017 — UR QHT, 2017, No. 32, Article 796) Send suggestions for the document Listen to audio Get a link from the document element 6. The Ministry of Finance of the Republic of Uzbekistan and the State Tax Committee shall submit proposals to the Government Commission on Strengthening Tax and Payment Discipline within one month regarding the restructuring of the structure of outstanding debts of enterprises and organizations for payments to the budget as of January 1, 1998. Send suggestions for the document Listen to audio Get a link from the document element 7. The Ministry of Justice and the Ministry of Finance, together with the Central Bank of the Republic of Uzbekistan, other interested ministries and departments, shall within two weeks: Send suggestions for the document Listen to audio Get a link from the document element align the normative documents and instructions of the departments with the requirements of this Decree; Send suggestions for the document Listen to audio Get a link from the document element develop and submit proposals for introducing changes and additions to existing laws arising from this Decree. Send suggestions for the document Listen to audio Get a link from the document element 8. Control over the implementation of this Decree is entrusted to the Deputy Prime Minister of the Republic of Uzbekistan B. Hamidov. Send suggestions for the document Listen to audio Get a link from the document element President of the Republic of Uzbekistan I. KARIMOV Send suggestions for the document Listen to audio Get a link from the document element Tashkent, Send suggestions for the document Listen to audio Get a link from the document element February 4, 1998, Send suggestions for the document Listen to audio Get a link from the document element No. PF-1923 Link to the previous edition. (Appendix lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-5147 dated August 10, 2017 — UR QHT, 2017, No. 32, Article 796)