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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of November 23, 2021 No. UP-25

About additional measures for the accelerated development of entrepreneurship in the region Priaralya

For the purpose of creating favorable conditions for investment attraction to the Republic of Karakalpakstan and the Khorezm region (further - the region Priaralya) by stimulation of the organization of business activity and production of competitive products with high value added in the region, and also ensuring execution of the tasks determined within open dialogue of the President of the Republic of Uzbekistan with entrepreneurs who is carried out on August 20, 2021 on direct studying of problems and proposals of entrepreneurs and determination of the main directions of the subsequent development of entrepreneurship:

1. Approve the offers of the Ministry of investments and foreign trade, the Ministry of Economic Development and reducing poverty, the Ministry of Finance, Chamber of Commerce and Industry, Council of Ministers of the Republic of Karakalpakstan and khokimiyat of the Khorezm region providing since January 1, 2022:

a) till January 1, 2031 establishment for subjects of entrepreneurship in spheres of the local industry, agricultural industry and services in Muynaksky district of the Republic of Karakalpakstan:

the rates of tax established on the income tax, the receipts tax, the social tax, income tax in the amount of 1 percent;

rates of the property tax, the land tax and tax for use of water resources in the amount of 1 percent from the amount added to the given taxes;

b) till January 1, 2025 on newly created subjects of entrepreneurship (except for clusters) in Tuprokkalinsky, Yangiaryksky, Yangibazarsky districts of the Khorezm region and performing activities with passing of registration in these areas:

decrease in rates of the income tax, land tax from legal entities, the property tax of legal entities for 50 percent;

release from customs duty of the raw materials which are not made in the Republic of Uzbekistan, materials imported by them for needs of own production (rendering services) in the list created in accordance with the established procedure;

c) establishment of grace period on payment of the land tax from legal entities on lands in the Khorezm region on which new landings of gardens, vineyards and mulberries, irrespective of use of row-spacings are made for sowing of agricultural crops, - five years.

To the Ministry of Finance in two-month time to introduce to the Cabinet of Ministers the bill providing modification and amendments in the Tax code proceeding from this Item.

2. Establish for the Republic of Karakalpakstan the cost of the investment projects provided with necessary external engineering and communication networks at the expense of means of the Government budget according to the resolution of the President of the Republic of Uzbekistan of August 25, 2021 No. PP-5233 "About measures for providing investment projects with external infrastructure" in the amount of at least 50 billion sum.

At the same time the expenses connected with providing investment projects worth from 50 billion sum with external engineering and communication networks to 200 billion sum according to this procedure shall not exceed 20 percent of cost of project data.

3. To the Ministry of Finance (T. Ishmetov) together with the Central bank (M. Nurmuratov) during 2022 - 2026 for 98 makhally in the Khorezm region, lagging behind in social and economic development and with the high level of unemployment:

a) provide allocation of credit resources within development programs of family entrepreneurship:

in the amount of 200 billion sum for the purpose of implementation of system of work "makhallabay";

in the amount of 50 billion sum on support of the non-state non-profit organizations realizing projects on training and attraction of the population to entrepreneurship;

b) provide allocation of 150 billion sum on development of infrastructure at the expense of the republican budget of the Republic of Uzbekistan.

4. Implement for the term of 1 January of 2022 till January 1, 2027 procedure for compensation by the Agency of promotion of export:

50 percent of expenses of transportation by railway transport of the small business entities performing activities in the region Priaralya, connected with delivery from other regions of the republic of the machinery and equipment necessary for construction of the companies, and also delivery to other regions of the republic of products made by them with high value added;

in full the transportation expenses of the local exporters performing activities in the region Priaralya, connected with transportation to the Caspian Sea when exporting of products made by them with high value added.

Government commission concerning foreign trade, investments, development of the local industry and technical regulation (S. Umurzakov) to approve procedure for compensation by the Agency of promotion of export of expenses of cargo transportation of subjects of entrepreneurship of the region Priaralya in a month.

5. To the ministry of investments and foreign trade (A. Voitov) together with Council of Ministers of the Republic of Karakalpakstan (K. Sariyev), the khokimiyat of the Khorezm region (F. Ermanov) interested in the ministries and departments in two-month time to take measures for creation in accordance with the established procedure 45 new small industrial zones in the Republic of Karakalpakstan and 40 - in the Khorezm region.

6. Recommend to the Senate of the Oliy Majlis (T. Narbayev) to take necessary measures for the organization of hearing of information of heads of the Ministry of investments and foreign trade, the Ministry of Economic Development and reducing poverty, Council of Ministers of the Republic of Karakalpakstan, khokimiyat of the Khorezm region and other responsible ministries and departments for execution of this Decree (including with departure on places), and also to ensuring effectiveness of the carried-out works.

7. To the agency of information and mass communications, National news agency of Uzbekistan and National broadcasting company of Uzbekistan to organize work on extended coverage of the purposes, tasks of this Decree and the expected results in mass media, the Internet and social networks.

8. To the Ministry of Economic Development and reducings poverty (S. Holkhuzhayev) together with the Ministry of investments and foreign trade (A. Voitov), the interested ministries and departments in two-month time to make in the Cabinet of Ministers offers on the changes and amendments in acts of the legislation following from this Decree.

9. Assign to the Chairman of the board of Ministers of the Republic of Karakalpakstan K. R. Sariyev, hokim of the F.U Khorezm area. Ermanov, the first deputy minister of investments and foreign trade A. B. Voitov and the First Deputy Minister of Economic Development and reducing poverty S. M. Holkhuzhayev the personal responsibility for the effective organization of execution of this Decree.

Quarterly discussion of course of execution of this Decree, implementation of coordination and control of activities of the departments responsible for its execution to assign to deputy prime ministers S. U. Umurzakov and D. A. Kuchkarov.

President of the Republic of Uzbekistan

Sh. Mirziyoev

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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