Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

The document ceased to be valid since  October 27, 2018 according to Item 1 of the Resolution of the Ministry of Finance of the Republic of Uzbekistan, the Ministry of Economics of the Republic of Uzbekistan, the State Tax Committee of the Republic of Uzbekistan, Board of the Central bank of the Republic of Uzbekistan, the State committee of the Republic of Uzbekistan according to the statistics of October 22, 2018 No. 135, No. 32, No. 2018-67, No. 257-B-3, No. 4-kk

It is registered

Ministry of Justice

Republic of Uzbekistan

On September 17, 2004 No. 1411

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN, STATE TAX COMMITTEE OF THE REPUBLIC OF UZBEKISTAN, CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN, STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ACCORDING TO THE STATISTICS

of September 2, 2004 No. No. 98, 41, 2004-57, 257-B, No. 8

About approval of the Regulations on procedure for reflection of foreign currency transactions in financial accounting

(as amended on 31-12-2014)

According to article 23 of the Law of the Republic of Uzbekistan "About regulatory legal acts" and the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of October 25, 2001 No. 422 "About measures for unification of the exchange rates in the domestic foreign exchange market" (2001, No. 20, the Art. 142) the Ministry of Finance, the Ministry of Economics, the State Tax Committee, the Central bank of the Republic of Uzbekistan, the State committee of the Republic of Uzbekistan according to the statistics decide collection of the legislation of the Republic of Uzbekistan:

1. Approve the enclosed Regulations on procedure for reflection of foreign currency transactions in financial accounting (new edition).

2. Recognize invalid:

The resolution of November 7, 2001 the Ministries of Finance No. 119, the State Tax Committee No. 2001-111, of the Ministry of macroeconomic and statistics No. 34, the Central bank of the Republic of Uzbekistan No. 205-B "About approval of the Regulations on procedure for reflection of foreign currency transactions in financial accounting, statistical and other reporting" (reg. No. 1085 of 16.11.2001, "The bulletin of regulations of the ministries, state committees and departments of the Republic of Uzbekistan", 2001 No. 22);

The resolution of February 14, 2002 the Ministries of Finance No. 34, the State Tax Committee No. 2002-26, of the Ministry of macroeconomic and statistics No. 1, the Central bank of the Republic of Uzbekistan No. 205-B-1 "About modification of the Regulations on procedure for reflection of foreign currency transactions in financial accounting, statistical and other reporting" (reg. No. 1085-1 of 05.03.2002, "The bulletin of regulations of the ministries, state committees and departments of the Republic of Uzbekistan", 2002 No. 5);

The resolution of May 15, 2003 the Ministries of Finance No. 65, the State Tax Committee No. 2003-52, of the Ministry of Economics No. 5, the Central bank of the Republic of Uzbekistan No. 205-B-2, of the State committee of the Republic of Uzbekistan according to the statistics No. 3 "About modification of the Regulations on procedure for reflection of foreign currency transactions in financial accounting, statistical and other reporting" (reg. No. 1085-2 of 07.06.2003, "The bulletin of regulations of the ministries, state committees and departments of the Republic of Uzbekistan", 2003 No. 11).

3. 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 

S. Rakhimov

Minister of Economic Affairs

R. Azimov

Chairman of the State Tax Committee

B. Parpiyev

Chairman of the Central bank

F.Mullazhanov

Chairman of the State committee of the Republic of Uzbekistan according to the statistics

G. Kudratov

Approved by the Resolution of the Ministry of Finance, Ministry of Economics, State Tax Committee, Central bank of the Republic of Uzbekistan, the State committee of the Republic of Uzbekistan according to the statistics of September 2, 2004 No. 98, No. 41, No. 2004-57, No. 257-B, No. 8

Regulations on procedure for reflection of the transactions expressed in foreign currency in financial accounting

This Provision is developed according to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of October 25, 2001 No. 422 "About measures for unification of the exchange rates in the domestic foreign exchange market" (Collection of the legislation of the Republic of Uzbekistan 2001, No. 20, the Art. 142) and determines procedure for reflection of foreign currency transactions in financial accounting and the financial reporting.

§ 1. General provisions

1. Action of this provision extends to all associations, the companies, the organizations, organizations (except for banks and other credit institutions) in the territory of the Republic of Uzbekistan, irrespective of patterns of ownership, types of activity, departmental subordination (further - business entities), the performing foreign currency transactions in the territory of the Republic of Uzbekistan.

2. In this Provision are not considered:

a) recalculation of indicators of the financial reporting constituted in poison ivy, in foreign currencies in cases of the requirement of such recalculations by constituent documents, etc.;

b) recalculation in national currency of asset cost and the obligations expressed in foreign currency, used for conducting activities outside the Republic of Uzbekistan for creation of the financial reporting in poison ivy by the business entity located in the territory of the Republic of Uzbekistan;

c) recalculation of the financial reporting of the affiliated (dependent) economic societies, the structural divisions allocated for separate balance and which are outside the Republic of Uzbekistan for inclusion in the consolidated statements constituted by head society in national currency (in poison ivy).

3. In the Republic of Uzbekistan all business entities shall keep financial accounting and represent the reporting in national currency - bags if the legislation does not provide other procedure.

4. The transactions expressed in foreign currency are understood as the transactions made in foreign currency when business entity:

a) buys or sells property (fixed assets, intangible assets, inventory stocks and other assets) for foreign currency;

b) acquires or realizes works, services for foreign currency;

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