On Measures for Further Improvement of Tax Policy of the Republic of Uzbekistan

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16.12.2021

01.10.2019

26.09.2019

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[ OKTZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.10.03.00 (Lost force) Value added tax / 07.10.03.03 (Lost force) Value added tax rates / 07.90.00.00 (Lost force) State-wide taxes] [ TSZ: 1. Finance / Budget. Off-budget funds] Send suggestions for the document Listen to audio Get link from document element Decree Send suggestions for the document Listen to audio Get link from document element President of the Republic of Uzbekistan Send suggestions for the document Listen to audio Get link from document element On Measures for Further Improvement of Tax Policy of the Republic of Uzbekistan Send suggestions for the document Listen to audio Get link from document element Send suggestions for the document Listen to audio Get link from document element Within the framework of the Concept of improving the tax policy of the Republic of Uzbekistan, measures have been implemented to reduce the tax burden and reduce disparities in the taxation of business entities. Send suggestions for the document Listen to audio Get link from document element In order to ensure stability of the consumer market, create conditions for increasing the competitiveness of domestic producers, as well as to form a continuous "chain" of value added tax: [ OKTZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.09.00.00 Tax legislation / 07.09.03.00 Taxes and fees] Send suggestions for the document Listen to audio Get link from document element

1. Reduce from October 1, 2019, the value added tax rate from 20 to 15 percent. [ OKTZ:

07.00.00.00 Legislation on finance and credit. Banking activity / 07.09.00.00 Tax legislation / 07.09.02.00 Management in the field of taxation] Send suggestions for the document Listen to audio Get link from document element 2. Cancel the current procedure for suspending operations on taxpayers' accounts in commercial banks by the bodies of the state tax service. Send suggestions for the document Listen to audio Get link from document element The Ministry of Finance jointly with the State Tax Committee of the Republic of Uzbekistan, based on advanced foreign experience, is to provide in the draft of the new edition of the Tax Code of the Republic of Uzbekistan a procedure for suspending operations on taxpayers' accounts in commercial banks by the bodies of the state tax service for a period of no more than 30 days based on the results of "risk analysis" and the implementation of preventive measures. [ OKTZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.09.00.00 Tax legislation / 07.09.02.00 Management in the field of taxation] Send suggestions for the document Listen to audio Get link from document element 3. The Cabinet of Ministers of the Republic of Uzbekistan, when preparing the draft State Budget of the Republic of Uzbekistan for 2020, is to provide for: Send suggestions for the document Listen to audio Get link from document element reduction of the unified social payment rate from 25 to 12 percent for state-owned enterprises, legal entities with a share of the state in the charter fund (charter capital) of 50 percent or more, as well as for legal entities in whose charter fund (charter capital) 50 percent or more belongs to a legal entity with a state share of 50 percent or more, and their structural subdivisions; Send suggestions for the document Listen to audio Get link from document element establishment of a basic corporate income tax rate for legal entities at 15 percent while retaining the tax rate on income paid in the form of dividends; Send suggestions for the document Listen to audio Get link from document element cancellation of the simplified procedure for calculating and paying value added tax. [ OKTZ: 1. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.09.00.00 Tax legislation / 07.09.02.00 Management in the field of taxation] Send suggestions for the document Listen to audio Get link from document element 4. Determine that from October 1, 2019, the amount of the unified tax payment, previously credited to the off-budget Pension Fund under the Ministry of Finance of the Republic of Uzbekistan, is credited to the budgets of the Republic of Karakalpakstan, local budgets of regions and the city of Tashkent. Send suggestions for the document Listen to audio Get link from document element 5. The State Tax Committee, the State Customs Committee, the Ministry of Finance of the Republic of Uzbekistan, the Council of Ministers of the Republic of Karakalpakstan, the hokimiyats of regions and the city of Tashkent, jointly with the National Television and Radio Company of Uzbekistan and other interested ministries and departments, are to organize a wide explanation of the essence and content of this Decree, including in the mass media and the Internet. [ OKTZ: 1. 21.00.00.00 Comprehensive documents on introducing changes and additions / 21.02.00.00 Decrees and resolutions of the President of the Republic of Uzbekistan] Send suggestions for the document Listen to audio Get link from document element 6. Make changes and additions to some acts of the President of the Republic of Uzbekistan from October 1, 2019, according to the appendix . Send suggestions for the document Listen to audio Get link from document element 7. Control over the implementation of this Decree is entrusted to the Deputy Prime Minister - Minister of Finance of the Republic of Uzbekistan D.A. Kuchkarov and Advisor to the President of the Republic of Uzbekistan R.A. Gulyamov. Send suggestions for the document Listen to audio Get link from document element President of the Republic of Uzbekistan Sh. MIRZIYOYEV Send suggestions for the document Listen to audio Get link from document element city of Tashkent, Send suggestions for the document Listen to audio Get link from document element September 26, 2019, Send suggestions for the document Listen to audio Get link from document element No. UP-5837 Send suggestions for the document Listen to audio Get link from document element Send suggestions for the document Listen to audio Get link from document element APPENDIX to the Decree of the President of the Republic of Uzbekistan dated September 26, 2019 No. UP-5837 Send suggestions for the document Listen to audio Get link from document element Changes and additions introduced from October 1, 2019 into some acts of the President of the Republic of Uzbekistan Send suggestions for the document Listen to audio Get link from document element Send suggestions for the document Listen to audio Get link from document element

1. From paragraph 6 1 of the Decree of the President of the Republic of Uzbekistan dated April 18, 2017 No. UP-5019 "On strengthening the role of the prosecutor's office in implementing socio-economic reforms and modernizing the country, ensuring reliable protection of human rights and freedoms," delete the words "At the same time, income received in the form of interest from free funds deposited in commercial banks is not subject to tax." Send suggestions for the document Listen to audio Get link from document element

Paragraph 5 of the Decree of the President of the Republic of Uzbekistan dated June 27, 2017 No. UP-5095 "On the creation of the State Fund for the Support of Agriculture under the Ministry of Finance of the Republic of Uzbekistan" is to be worded as follows: Send suggestions for the document Listen to audio Get link from document element "5. Exempt the Fund from payment of all types of taxes, except for corporate income tax withheld at source." Send suggestions for the document Listen to audio Get link from document element 3. Paragraph 13 of the Decree of the President of the Republic of Uzbekistan dated May 13, 2019 No. UP-5715 "On additional measures to develop and expand the market for mortgage lending" replace the word "term" with the words "from January 1, 2019." Send suggestions for the document Listen to audio Get link from document element 4. From the seventh paragraph of paragraph 24 of Appendix No. 2 to the Resolution of the President of the Republic of Uzbekistan dated June 15, 2017 No. PP-3060 "On organizing the activities of the Development Fund of the Bureau of Compulsory Execution," delete the words "At the same time, income received by the Fund in the form of interest from free funds deposited in commercial banks is not subject to tax." Send suggestions for the document Listen to audio Get link from document element 5. Paragraph 8 of the Resolution of the President of the Republic of Uzbekistan dated September 15, 2017 No. PP-3279 "On measures to create a modern cotton-growing and textile cluster in the Syr Darya region" is to be worded as follows: Send suggestions for the document Listen to audio Get link from document element "8. Establish that: Send suggestions for the document Listen to audio Get link from document element The Joint Stock Company "Vek cluster" may accumulate monetary funds of organizations included in its composition and distribute them among them to carry out financial and economic activities and develop production; Send suggestions for the document Listen to audio Get link from document element monetary funds and property received and transferred by the Joint Stock Company "Vek cluster" from its organizations and between them, not related to turnovers on the sale of products of its own production, as well as the distribution of net profit, are not objects of taxation (except for value added tax). Send suggestions for the document Listen to audio Get link from document element Grant the right to organizers of cotton-textile production to transfer property to farming households with value added tax on goods (works, services) transferred (provided) no earlier than October 1, 2018." Send suggestions for the document Listen to audio Get link from document element 6. The second paragraph of paragraph 8 of the Resolution of the President of the Republic of Uzbekistan dated November 30, 2017 No. PP-3416 "On organizing the activities of the Ministry of Innovative Development of the Republic of Uzbekistan" is to be worded as follows: Send suggestions for the document Listen to audio Get link from document element "The Fund from all types of taxes and payments, except for the unified social payment and corporate income tax withheld at source;". See previous revision. (paragraph 7 lost force by the Decree of the President of the Republic of Uzbekistan dated December 15, 2021 No. UP-34 - National Legislative Database, 16.12.2021, No. 06/21/34/1164) Send suggestions for the document Listen to audio Get link from document element 8. The text of Appendix No. 19 to the Resolution of the President of the Republic of Uzbekistan dated December 26, 2018 No. PP-4086 "On the forecast of key macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2019 and budget guidelines for 2020-2021" is to be worded as follows: Send suggestions for the document Listen to audio Get link from document element " RATES of excise tax on excisable goods (services) produced (provided) in the Republic of Uzbekistan Send suggestions for the document Listen to audio Get link from document element

Name of goods (services)

Tax rate

as a percentage of the cost of sold goods excluding excise tax and VAT

in sums per unit of measurement

1. Ethyl alcohol rectified from food raw materials, ethyl alcohol rectified technical from ether-aldehyde fraction and ethyl alcohol head fraction (per 1 dal)

10 800

2. Wines (per 1 dal of finished product):

natural natural fermentation (without adding ethyl alcohol)

7 700

other wines

14 500

3. Cognac (per 1 dal of finished product)

102 000*

4. Vodka and other alcoholic products (per 1 dal of finished product)

98 000**

5. Beer (per 1 dal of finished product)

10 600

6. Cigarettes with filter, without filter, cigarettes

141 500 sums/1000 pieces

• 9.0 percent***

7. Jewelry

25

8. Mobile communication services

20

9. Tableware made of silver

11

10. Petroleum products:

A-80 gasoline

200 000 sums per ton

A-91, A-92, A-93, A-95 gasoline

250 000 sums per ton

diesel fuel

200 000 sums per ton

ECO diesel fuel

180 000 sums per ton

aviation kerosene

180 000 sums per ton

motor oil for diesel or carburetor (injector) engines

250 000 sums per ton

11. Natural gas, including export 1

20

12. Liquefied gas sold by production enterprises (except for volumes sold to the population through interregional unitary enterprises AK "Uztransgaz"), including export 1

30

13. Polyethylene granules

30

14. Sold to the end consumer 2 :

gasoline

285 sums per 1 liter / 378 480 sums per 1 ton (3)

diesel fuel

285 sums per 1 liter / 346 275 sums per 1 ton (3)

liquefied gas

285 sums per 1 liter / 540 645 sums per 1 ton (3)

compressed gas

435 sums per 1 cubic meter (3) Send suggestions for the document Listen to audio Get link from document element

• For cognac with a volumetric alcohol content of more than 40 percent, the excise tax rate is set at 152 400 sums per 1 dal of finished product. Send suggestions for the document Listen to audio Get link from document element ** For vodka and other alcoholic products with a volumetric alcohol content of more than 40 percent, the excise tax rate is set at 148 000 sums per 1 dal of finished product. Send suggestions for the document Listen to audio Get link from document element *** A fixed excise tax rate is applied to the volume of excisable goods in natural terms, an ad valorem excise tax rate is applied to the cost of goods sold by the manufacturer, excluding excise tax and value added tax. Send suggestions for the document Listen to audio Get link from document element Notes: Send suggestions for the document Listen to audio Get link from document element

1. Taxpayers and the procedure for paying excise tax on natural and liquefied gas are established by the Ministry of Finance of the Republic of Uzbekistan in agreement with the State Tax Committee of the Republic of Uzbekistan. Send suggestions for the document Listen to audio Get link from document element
2. The sizes of excise tax rates for gasoline and diesel fuel produced from contract raw materials are formed within retail prices for gasoline and diesel fuel taking into account the excise tax on retail sale of gasoline, diesel fuel and gas. Taxpayers, the procedure for calculating and paying excise tax on retail sale of gasoline, diesel fuel and gas by volume of gasoline and diesel fuel produced on a contract basis from imported raw materials under commission agreements are determined by the Ministry of Finance and the State Tax Committee of the Republic of Uzbekistan. Send suggestions for the document Listen to audio Get link from document element
3. When selling gasoline, diesel fuel and liquefied gas through gas stations, excise tax is calculated per 1 liter, and in other cases - per 1 ton." Send suggestions for the document Listen to audio Get link from document element

The second paragraph of paragraph 4 of the Resolution of the President of the Republic of Uzbekistan dated April 4, 2019 No. PP-4268 "On additional measures to timely equip the agricultural sector with agricultural machinery" after the words "Establish that" add the words "from January 1, 2019."

(National Legislative Database, 26.09.2019, No. 06/19/5837/3812; 16.12.2021, No. 06/21/34/1164)