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The document ceased to be valid since  January 1, 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 registered by the Ministry of Justice of the Republic of Uzbekistan of  November 23, 2017 No. 2328-2

It is registered

Ministry of Justice

Republic of Uzbekistan

On February 16, 2012, No. 2328

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

of February 3, 2012 No. 12, 2012-7

About approval of the Regulations on procedure for calculation and payment of the excise tax on the jewelry from gold realized in retail retail chain stores

(as amended of the Resolution registered by Ministry of Justice of RUZ of 08.02.2013 No. 2328-1)

According to the resolution of the President of the Republic of Uzbekistan of December 30, 2011 No. PP-1675 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2012" (2011, No. 52, the Art. 561) the Ministry of Finance and the State Tax Committee of the Republic of Uzbekistan decide collection of the legislation of the Republic of Uzbekistan:

1. Approve Regulations on procedure for calculation and payment of the excise tax on the jewelry from gold realized in retail retail chain stores according to appendix.

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

 

Minister of Finance

R. AZIMOV

Chairman of the State Tax Committee

B. PARPIYEV

 

APPENDIX

to the resolution of the Ministry of Finance and State Tax Committee of the Republic of Uzbekistan of February 3, 2012 No. No. 12, 2012-7

Regulations on procedure for calculation and payment of the excise tax on the jewelry from gold realized in retail retail chain stores

This Provision according to the resolution of the President of the Republic of Uzbekistan of December 30, 2011 No. PP-1675 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2012" (The collection of the legislation of the Republic of Uzbekistan, 2011, No. 52, of the Art. 561) determines procedure for calculation and payment of the excise tax on the jewelry from gold realized in retail retail chain stores (further - the excise tax on jewelry).

I. General provisions

1. According to the resolution of the President of the Republic of Uzbekistan of December 30, 2011 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2012" since January 1, 2012 the legal entities enabling the realization of jewelry from gold in retail retail chain stores pay to No. PP-1675 the excise tax according to the procedure, established by this Provision.

2. This Provision extends to the legal entities enabling in the procedure established by the legislation the realization of jewelry from gold in retail retail chain stores (further - retail trade), including realization of the jewelry from gold turned into the income of the state.

3. For the purpose of this provision the following concepts are used:

retail trade by jewelry - realization of jewelry in retail retail chain stores (including commission trade) through specialized jewelry stores, corporate shops, departments, sections of department stores, shopping centers and complexes according to the procedure, established by the legislation;

jewelry - the products from gold having test and subjects to branding according to the procedure, established by the legislation;

the weight of jewel - the mass of jewel in grams specified on the sealed-up label (taking into account the weight of inserts from precious and semiprecious stones (natural, artificial or reconstructed) and other materials), without rounding.

II. Payers of the excise tax on jewelry, the taxation object, taxable basis

4. Payers of the excise tax on jewelry are the legal entities performing retail trade by jewelry (further - payers).

5. Object of excise tax liability on jewelry is retail trade by jewelry.

6. Taxable basis is the weight of jewel.

III. Rate of the excise tax on jewelry

7. The rate of the excise tax on jewelry is established in the amount of, to equivalent 10 US dollars for 1 gram of weight of jewel.

8. The rate established by the Central bank of the Republic of Uzbekistan the last day of the month preceding month for which the excise tax on jewelry is estimated is applied to determination of rate of the excise tax on jewelry in amount-based equivalent.

IV. Accounting period. Tax period

9. The tax and accounting period is quarter.

V. Calculation of the excise tax on jewelry

10. The amount of the excise tax on jewelry is determined proceeding from taxable basis and the established rate by the following formula:

                                     S = (V x A),

where:

S - the amount of the excise tax on jewelry;

V - weight of jewel;

And - rate of the excise tax on jewelry.

11. For determination of taxable basis on the realized jewelry payers keep the Register of the realized jewelry.

On the realized jewelry turned into the income of the state, the separate Register of the realized jewelry is kept.

The form of the Register of the realized jewelry is given in appendix 1 to this Provision.

VI. Determination of the amount of deduction

12. Payers in case of calculation of the excise tax on jewelry which is subject to payment in the budget have the right to deduction of the amount of the excise tax paid by them in case of acquisition of jewelry both in the territory of the Republic of Uzbekistan and in case of their import, in the presence of supporting documents.

13. The documents confirming payment of the excise tax on the acquired jewelry are: invoice;

cargo customs declaration.

14. For determination of the amount of the excise tax which is deductible payers shall keep the Register of invoices on the acquired jewelry in form according to appendix 2 to this Provision.

At the same time the Register of invoices on the acquired jewelry joins only invoices in which the excise tax is allocated.

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