LAW OF THE REPUBLIC OF TAJIKISTAN

of May 10, 2002 No. 40

About granting of amnesty of citizens of the Republic of Tajikistan in connection with legalization of money by them

This Law determines legal and organizational basis of holding exclusive single action by the state by granting of amnesty of citizens of the Republic of Tajikistan in connection with legalization of the money by them.

The purpose of this Law is attraction of additional financial resources in economy of Tajikistan, improvement of the investment climate and development of entrepreneurship.

Article 1. Determination of the basic concepts

For the purposes of this Law the following determinations of the basic concepts are applied: legalization of cash means - investment into economy of Tajikistan of money which was removed from legal economic circulation earlier and was not declared;

granting of amnesty of citizens - release of persons legalizing the money from responsibility, stipulated by the legislation;

the legalization period - the period of time established by the President of the Republic of Tajikistan during which money of citizens of the Republic of Tajikistan can be legalized.

Article 2. Scope of the Law

This Law is applied to the citizens of the Republic of Tajikistan who legalized the money during the legalization period.

The provisions provided by this Law are not applied to the money belonging to other persons or received as the credits.

Article 3. Procedure and conditions of carrying out legalization of money of citizens

Citizens of the Republic of Tajikistan during the period of legalization can legalize the money in the way:

a) acceptances of equity in forming of the authorized capital of domestic legal entities, including in the course of privatization of state-owned property;

b) property acquisitions, including shares and other securities of legal litsrezident of the Republic of Tajikistan;

c) transfers of cash in national or in foreign currency into accounts in banks of the Republic of Tajikistan or money transfer from foreign bank accounts in banks of the Republic of Tajikistan;

d) acquisitions of rights of the property rights belonging to residents of the Republic of Tajikistan.

The legalization of money provided by Items <a> and <> of this Article is allowed only on condition of obligatory transfer in banks of the Republic of Tajikistan of the legalized money.

Article 4. Opening of accounts for the citizens legalizing the money

Features of opening and maintaining bank accounts to citizens of the Republic of Tajikistan on which the legalized money is enlisted are determined by regulatory legal acts of National Bank of Tajikistan.

Issue to persons legalizing the money, banks of the Republic of Tajikistan into which accounts the legalized money is enlisted the official document specifying the size of deposited amount and date of its introduction.

Article 5. Confidentiality of information on the legalized money and their owners

Information on the legalized money and their owners is not subject to disclosure.

Article 6. Granting of amnesty of the citizens legalizing the money

The citizens of the Republic of Tajikistan legalizing the money during the legalization period are subject to granting of amnesty and are exempted from liability provided by Articles 259, of 260, 263, 293 of the Criminal code of the Republic of Tajikistan for the crimes committed prior to the beginning of the period of the legalization and responsibility provided by articles 164, of 164-1, 165-1 Code of the Republic of Tajikistan about administrative offenses for the administrative offenses made prior to the beginning of the period of legalization.

Article 7. Guarantees of the rights and interests of the citizens legalizing the capitals

The state guarantees protection of the rights and interests of the citizens of the Republic of Tajikistan legalizing the money according to this Law.

Article 8. Tax immunity

Money, legalizirovanny according to this Law, does not join in the taxable income.

Article 9. Responsibility for violation of this Law

Persons guilty of violation of provisions of this Law bear responsibility according to the legislation of the Republic of Tajikistan.

Article 10. Procedure for enforcement of this Law

Enact this Law after its official publication.

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