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The document ceased to be valid since  March 12, 2018 according to Item 1 of the Resolution of the Ministry of Finance of the Republic of Uzbekistan, the State Tax Committee of the Republic of Uzbekistan of February 28, 2018 No. 37, No. 2018-18

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Ministry of Justice

Republic of Uzbekistan

On May 27, 2002 No. 1144

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN, STATE TAX COMMITTEE OF THE REPUBLIC OF UZBEKISTAN

of April 17, 2002 No. 51, on April 17, 2002 No. 2002-40

About approval of the Regulations on procedure for collection of taxes from the companies with foreign investments which did not create the authorized capital (funds) in the terms established by the legislation

According to article 7 of the Law of the Republic of Uzbekistan "About the State Tax Service" and the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 31.12.2001 N 490 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2002" we decide:

1. Approve the enclosed Regulations on procedure for collection of taxes from the companies with foreign investments which did not create the authorized capital (funds) in the terms established by the legislation.

2. This resolution becomes effective after ten days from the moment of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

 

Minister of Finance

M. B. Nurmuratov

Chairman State

Tax Committee

 

B. A. Hodzhayev

Approved by the resolution of the Ministry of Finance and State Tax Committee of April 17, 2002 No. 51, No. 2002-40

Regulations on procedure for collection of taxes from the companies with foreign investments which did not create the authorized capital (funds) in the terms established by the legislation

This Provision is developed according to Item 11 of the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of December 31, 2001 N 490 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2002" and determines procedure for collection of taxes from the companies with foreign investments which did not create the authorized capital (funds) in the terms established by the legislation.

I. General provisions

1. Since July 1, 2001 the companies with foreign investments (further - the companies) which did not create the authorized capital (funds) in the terms established by the legislation pay all taxes established by the legislation in complete size and without application of privileges for the entire period of functioning.

2. Identification of the companies which did not create the authorized capital (funds) in the terms established by the legislation is made by the body performing state registration of the specified companies (registering body).

3. The registering body in writing notifies bodies of the State Tax Service for the location of the companies with foreign investments on the companies which did not create the authorized capital (funds) during the terms established by the legislation.

4. For the companies which did not create the authorized capital (funds) in the terms established by the legislation, the period during which they used privileges on tax payment expires in the day following behind day of the termination of the terms of forming of the authorized capital (funds) established by the legislation.

5. If the companies which did not create the authorized capital (funds) in the terms established by the legislation reduce it to actually created, keeping at the same time the status of the company with foreign investments, these companies keep the right and to the tax benefits established by the legislation only from the moment of entering of corresponding changes into constituent documents without prolongation of effective period of privileges. At the same time from end date of the terms of forming of the authorized capital (funds) established by the legislation until state registration of the changes made to constituent documents, the above-named companies also lose the right to privileges.

II. Procedure for charge of taxes on which tax benefits, and their reflection in financial accounting are provided

6. Charge of taxes on which tax benefits for the companies with foreign investments according to the legislation are provided is made in accordance with the established procedure. At the same time the companies shall represent calculations to tax authorities in place of registration in the established forms and terms.

7. The companies bear responsibility for correctness and timeliness of representation of calculations.

In case of non-presentation of calculations, or their untimely representation, financial sanctions according to the current legislation are applied to the companies.

8. For financial accounting of the amount of tax benefits the separate off-balance accounts "Temporary Tax Benefits" on each type of tax are opened.

The amount of tax benefits estimated on each type of tax is reflected in generally established procedure on the debit of the corresponding off-balance accounts.

III. Payment procedure in the budget of taxes for the companies which did not create the authorized capital (funds) in the terms established by the legislation

9. Upon termination of the period of use of privileges on tax payment (item 4 of this provision) the companies which did not create the authorized capital (funds) in the terms established by the legislation have obligations on payment in the budget of taxes on which tax benefits, in complete size and without application of privileges for the entire period of use of privileges were provided earlier.

10. The amount of tax benefits considered on the debit of the off-balance account "Temporary Tax Benefits" on each type of tax is written off the trusted account.

The following accounting entries are at the same time made:

on the amount of the accrued taxes which are earlier considered on the off-balance account "Temporary Tax Benefits" on each type of tax:

the debit of the account of use arrived for tax payment and charges;

the credit of the account of debt on payments in the budget.

In case of payment:

the debit of the account of debt on payments in the budget;

credit of the account of money;

debit of the account of retained earnings (uncovered loss);

the credit of the account of use arrived for tax payment and charges.

IV. Control of bodies of the State Tax Service

11. Bodies of the State Tax Service keep the register of the companies, including the companies with foreign investments on which tax benefits where the amount of the accrued taxes based on the provided calculations for the corresponding accounting period is reflected are provided.

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