RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF FOREIGN ECONOMIC RELATIONS, INVESTMENTS AND TRADES OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN, STATE TAX COMMITTEE OF THE REPUBLIC OF UZBEKISTAN, STATE CUSTOMS COMMITTEE OF THE REPUBLIC OF UZBEKISTAN

of June 23, 2015 No. No. 54, EG-01/14-3170, 96, 2015-17, 01-02/8-16

About approval of the Regulations on procedure for application of tax and customs privileges by the companies on which projects of adopted agenda of localization are implemented

According to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of July 21, 2010 "About additional measures for enhancement of the mechanism of forming and program implementation of localization of production of finished goods, components and materials on the basis of industrial cooperation" the Ministry of Finance, the Ministry of Foreign Trade, the Ministry of Economics, the State Tax Committee and the State Customs Committee of the Republic of Uzbekistan decide No. 154::

1. Approve Regulations on procedure for application of tax and customs privileges by the companies on which projects of adopted agenda of localization, according to appendix are implemented.

2. Declare invalid the Resolution of the Ministry of Finance, Ministry of Foreign Economic Relations, Investments and Trades, Ministry of Economics, State Tax Committee and State Customs Committee of the Republic of Uzbekistan of April 18, 2012 No. No. 39, of EG-01/14-1414, 6, 2012-16 and 01-02/8-6 "About approval of the Regulations on procedure for application of tax and customs privileges by the companies on which projects of adopted agenda of localization are implemented" (reg. No. 2365 of May 17, 2012) (Collection of the legislation of the Republic of Uzbekistan, 2012, No. 20, the Art. 224).

3. This resolution becomes effective from the date of its official publication.

Appendix

to the Resolution of the Ministry of Finance, Ministry of Foreign Economic Relations, Investments and Trades, Ministry of Economics, State Tax Committee, State Customs Committee of the Republic of Uzbekistan of June 23, 2015 No. No. 54, EG-01/14-3170, 96, 2015-17, 01-02/8-16

Regulations on procedure for application of tax and customs privileges by the companies on which projects of adopted agenda of localization are implemented

This Provision according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of July 21, 2010 No. 154 "About additional measures for enhancement of the mechanism of forming and program implementation of localization of production of finished goods, components and materials on the basis of industrial cooperation" determines procedure for application of tax and customs privileges by the companies on which projects of adopted agenda of localization, and conducting separate accounting of the income by them are implemented.

Chapter 1. General provisions

1. This Provision extends to the companies included in the Program of localization of production of finished goods, components and materials.

2. The companies specified in Item of 1 this provision are exempted from payment:

the income tax of legal entities, single tax payment (for the subjects applying simplified taxation system) regarding products made on projects of localization;

the property tax of legal entities regarding the fixed business assets used for production of localizable products;

customs payments (except for charges for customs clearance) for the imported processing equipment and spare parts to it, and also the components which are not made in the republic (further - import goods), used in engineering procedure in case of production of localizable products.

3. The privileges specified in paragraphs second and third Item 2 this provision - from 1 date following after month in which decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan are made extend to the companies included in the Program of localization according to decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan, privileges, specified Item in paragraph four 2 this provision from acceptance date of decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan, and if other is not stipulated by the legislation.

4. The privileges specified in Item 2 this provision do not provide target use of the released means.

5. Ceased to be valid according to the Resolution registered by the Ministry of Justice of the Republic of Uzbekistan of 13.06.2017 No. 2697-1

6. The privileges provided in the paragraph the second Item 2 this provision do not extend to amount of products made on projects of the localization realized after expiration of privileges.

7. The procedure for reflection in financial accounting of the tax and customs privileges specified in Item 2 this provision is regulated by Regulations on procedure for registration and reflection in financial accounting of the privileges provided to legal entities on taxes, customs and obligatory payments in the budget (reg. No. 1463 of April 2, 2005).

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