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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of May 4, 2018 No. PP-3696

About additional measures for stable ensuring domestic market with cement

In the country complex measures for improvement of appearance of settlements, especially in the village, to construction of the available apartment apartment houses, engineering and communication infrastructure and other objects included in development programs of the territories of the republic are consistently taken.

At the same time cement production volumes in the country and pricing mechanisms on it negatively affect ensuring high-quality and timely completion of construction of facilities within the large-scale infrastructure projects planned to realization in the current year.

For the purpose of ensuring the accelerated development of the cement industry, growth in volumes of production and satisfaction of industries of economy in cement, and also timely completion of construction of facilities of social and road and transport infrastructure:

1. Approve offers of the Ministry of Economics, the Ministry of Finance, the State Tax Committee of the Republic of Uzbekistan and JSC Uzstroymaterialy on realization in 2018 by enterprise monopolists of cement to the contract organizations performing construction of affordable housing for the citizens needing housing improvement, objects of the social sphere, transport infrastructure and water management objects at the expense of centralized sources according to bilateral agreements with 100 percent advance payment at the price of 367 thousand bags for ton (including VAT) of two million tons.

2. In the Rate of the excess profit tax by separate types of products approved by the resolution of the President of the Republic of Uzbekistan of December 29, 2017 No. PP-3454:

a) in the column "Extent of Taxable Basis (Excluding VAT and Excise Tax)":

in line item "Cement **" the words "over 145 000 bags for 1 ton" shall be replaced with words "over 280 000 bags *** for 1 ton";

in line item "Clinker **" the words "over 120 000 bags for 1 ton" shall be replaced with words "over 260 000 bags *** for 1 ton";

b) add with footnote of the following content:

"***) The Cabinet of Ministers of the Republic of Uzbekistan has the right to review the extent of taxable basis, proceeding from price situation at the exchange biddings".

3. Item 2 of this resolution becomes effective after ten days from the date of its official publication.

4. To impose control of execution of this resolution on the First Deputy Prime Minister of the Republic of Uzbekistan - the chairman of the board of JSC Uzbekiston temir yullari A. Zh. Ramatov, the deputy prime minister of the Republic of Uzbekistan - the Minister of Finance D. A. Kuchkarov and the chairman of the board of JSC Uzstroymaterialy B. K. Zaripov.

President of the Republic of Uzbekistan

Shavkat Mirziyoev

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