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

of November 27, 2017 No. 164, No. 2017-64, No. 152

About modification and amendments in Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

According to the Tax code of the Republic of Uzbekistan, article 7 of the Law of the Republic of Uzbekistan "About the State Tax Service", presidential decrees of the Republic of Uzbekistan of April 11, 2005 No. UP-3594 "About Additional Measures for Stimulation of Attraction of Direct Private Foreign Investments", of May 4, 2017 No. UP-5033 "About Modification and Amendments in Some Presidential Decrees of the Republic of Uzbekistan" and the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of August 24, 2016 "About measures for transition to the international classification system of types of economic activity" the Ministry of Finance, the State Tax Committee and the Ministry of Economics of the Republic of Uzbekistan decide No. 275:

1. Make changes and addition to the Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments approved by the resolution of the Ministry of Finance, State Tax Committee and Ministry of Economics of the Republic of Uzbekistan of August 9, 2016 No. No. 61, 2016-24, 121 (рег. No. 2822 of August 26, 2016) (Collection of the legislation of the Republic of Uzbekistan, 2016, No. 34, the Art. 407), according to appendix.

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

Minister of Finance

B. Hodzhayev

Chairman of the State Tax Committee

B. Parpiyev

Minister of Economic Affairs

G. Saidov

Appendix

to the Resolution of the Ministry of Finance, State Tax Committee and Ministry of Economics of the Republic of Uzbekistan of November 27, 2017 No. No. 164, 2017-64 and 152

The changes and amendment brought in Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

1. In paragraph one of Item 1 of the word "on production" shall be replaced with words "on production (rendering services)".

2. State Item 2 in the following edition:

"2. The companies at which revenue share from production of these products (rendering these services) in total amount of realization constitutes at least 60 percent following the results of accounting year treat the companies specializing in production (rendering services) in economy industries according to the list according to appendix No. 1 to this Provision.".

3. State Item 12 in the following edition:

"12. For confirmation of the right to use of tax benefits the company in writing notifies body of the State Tax Service for the place of tax accounting on start date of application of privileges in form, according to appendix No. 3 to this Provision.".

4. State appendix No. 1 in edition according to appendix No. 1 to these changes and amendment.

5. Add appendix No. 2 with paragraphs of the following content:

"Example 4.

The company with foreign investments with amount of foreign investments in the authorized capital (fund) in the amount of 300 thousand dollars of the USA is registered on January 16, 2012 and applies tax benefits within 3 years from the date of state registration as it corresponds to all established criteria for provision of tax benefits. On January 16, 2015 it increased the authorized capital (fund) to 600 thousand dollars of the USA, that is increase in the authorized capital (fund) happened during the grace period. However, because the size of the authorized capital (fund) constitutes less than 3 million US dollars and the expiration of three-year grace period it does not give the chance of further prolongation of term of application of tax benefits. Thus, for this company aggregate term of application of tax benefits constitutes 3 years, since January 16, 2012 till February 1, 2015.

Example 5.

The company with foreign investments with amount of foreign investments in the authorized capital (fund) in the amount of 300 thousand dollars of the USA is registered on January 16, 2010 and has the right to apply tax benefits within 3 years from the date of state registration as it corresponds to all established criteria for provision of tax benefits. However, the company in 2010-2015 applied other tax benefits and did not apply the tax benefits provided by the Presidential decree of the Republic of Uzbekistan of April 11, 2005 to No. UP-3594 "About Additional Measures for Stimulation of Attraction of Direct Private Foreign Investments". In this case in spite of the fact that the company did not apply tax benefits based on the above-named Decree, it is not granted the right to apply them. Thus, for application of tax benefits by the company based on the above-named Decree, it is necessary to increase the size of the authorized capital (fund) of the company at least 3 million US dollars.".

6. State appendix No. 3 in edition according to appendix No. 2 to these changes and amendment.

7. In appendix No. 4:

state item 4 in the following edition:

 state the note in the following edition:

"This notification is submitted in written (in duplicate) or electronically, directed through personal office of the taxpayer, including through information system. In case of submission of the notification in writing the body of the State Tax Service does mark about receipt of the notification and one copy of the notification no later than the next day returns to the applicant.".

8. These changes and amendment are approved with the State committee of the Republic of Uzbekistan on investments, the State committee of the Republic of Uzbekistan according to the statistics and Chamber of Commerce and Industry of the Republic of Uzbekistan.

Chairman of the State committee on investments A. Akhmedkhadzhayev

November 27, 2017.

Chairman of the State committee according to the statistics B. Begalov

November 27, 2017.

Chairman of Chamber of Commerce and Industry A. Ikramov

November 27, 2017.

Appendix 1

to the changes and amendment brought in Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

"Appendix No. 1 to the Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

The list of industries of economy to which the privileges provided for direct private foreign investments extend

1. Products of the radio-electronic industry and production of component parts to computer and computer facilities.

26.11.0 - production of electronic details;

26.12.0 - production of electronic panels of loading;

26.20.0 - production of computers and peripheral equipment;

26.30.0 - production of the communication equipment;

26.40.0 - production of devices of consumer electronics;

26.51.0 - production of devices and tools for measurement, control, testing, navigation (regarding radio-electronic devices and tools);

27.90.0 - production of the other electric equipment;

28.99.0 - production of the other machines and the equipment of special purpose which is not switched on in other categories.

2. Light industry.

production of ready cotton, woolen and mixed fabrics, and also knitted cloth:

13.20.1 - production of cotton fabrics;

13.20.2 - production of woolen fabrics;

13.20.9 - production of other fabrics;

13.91.0 - production of knitted and knitted cloth;

production ready sewing, knitted, is hosiery - nosochny products and textile haberdashery:

13.92.0 - production of finished textile goods, except clothes;

13.96.0 - production of other technical and industrial textile products;

13.99.0 - production of the other textile products which are not included in other categories;

14.31.0 - production of knitted and knitted is hosiery - nosochny products;

14.39.0 - production of other knitted and knitted products;

14.12.0 - production of overalls;

14.13.0 - production of other outerwear;

14.14.0 - production of underwear;

14.19.0 - production of other clothes and accessories;

production of natural skin, kozhevenno - the haberdashery industry, footwear industry:

14.11.0 - production of clothes from skin;

14.19.0 - production of other clothes and accessories (regarding production of the clothes trimmed with fur);

14.20.0 - production of fur products;

15.11.0 - tanning and dressing; manufacture and coloring of fur (regarding production of clothes from skin);

15.12.0 - production of luggage bags, ladies' handbags and other products from skin;

15.20.0 - production of footwear;

32.30.0 - production of sports goods (regarding sports goods from skin);

32.50.0 - production of medical and dental tools and accessories (regarding orthopedic footwear);

3. Silk industry.

production of silk fabrics and finished products from silk:

13.20.3 - production of silk fabrics.

Codes 13.92.0, 13.99 can be carried to this group. 0, 14.31. 0, 14.13. 0, 14.14. 0, 14.19.0 regarding finished products from silk.

4. Industry of construction materials.

production of new types of the construction materials specified in appendix No. 1a to the Presidential decree of the Republic of Uzbekistan of March 24, 2005 No. UP-3586:

16.21.0 - production of interline interval, plywood, plates and panels from wood;

16.22.0 - production of combined parquet coverings;

16.23.0 - production of other wooden building constructions and joiner's products;

20.30.0 - production of paints, varnishes and similar dyes, typographical paint and mastic;

22.21.0 - production of plastic plates, strips, pipes and profiles;

23.20.0 - production of fire-resistant products;

23.31.0 - production of ceramic coverings and plates;

23.32.0 - production of brick, tile and other construction products from the burned clay;

23.52.0 - production of lime and construction gypsum;

23.61.0 - production of construction products from concrete (in foam concrete chat);

23.62.0 - production of products from gypsum for the construction purposes;

23.63.0 - production of ready concrete;

23.64.0 - production of dry concrete mixes;

23.65.0 - production of fibrous cement;

23.70.0 - cutting, processing and finishing of stone;

23.99.0 - production of the other nonmetallic mineral products which are not included in other categories.

5. Industrial production of fowl and eggs.

01.47.0 - poultry farming.

6. Food industry.

production of ready is industrial - the processed food products from local raw materials (except for alcoholic, soft drinks and tobacco products):

10.32.0 - production of fruit and vegetable juice;

10.61.0 - production of products mukomolno - the groat industry;

10.62.0 - production of starch and products from starch;

10.71.0 - production of bread, fresh flour confectionery, cakes and cakes;

10.72.0 - production of crackers and cookies, flour confectionery of long-term storage;

10.73.0 - production of pasta and similar flour products;

10.81.0 - sugar production;

10.82.0 - production of cocoa, chocolate and sugary products from sugar;

10.83.0 - production of tea and coffee;

10.84.0 - production of spices and seasonings;

10.86.0 - production of baby food and dietary foodstuff;

10.31.0 - conversion and conservation of potatoes;

10.39.0 - other methods of conversion and conservation of fruit and vegetables;

10.41.0 - production of vegetable and animal oils and fats (except animal oils);

10.42.0 - production of margarine and the mixed food fats;

10.52.0 - production of ice cream.

7. Meat-and-milk industry.

production of ready types of meat and dairy products, cheese and animal oil, and also products of conversion of interiors of animals:

10.13.1 - production salty, in brine, dried or smoked meat, fowl and food offal;

10.13.2 - production of sausages;

10.13.9 - production of the other meat products which are not included in other categories;

10.51.0 - conversion of milk and production of cheese;

10.41.0 - production of vegetable and animal oils and fats (regarding animal oil).

8. Conversion and conservation of fish and fish products.

10.20.0 - conversion and conservation of fish, Crustacea and mollusks.

9. Chemical industry.

08.91.0 - production of mineral raw materials for the chemical industry and production of fertilizers;

20.11.0 - production of industrial gases;

20.12.0 - production of dyes and pigments;

20.13.0 - production of other main inorganic chemicals;

20.14.0 - production of other main organic chemicals;

20.15.1 - production of fertilizers;

20.15.2 - production of nitrogen-containing mixes;

20.16.0 - production of plastic in primary forms;

22.29.0 - production of other plastic products;

20.30.0 - production of paints, varnishes and similar dyes, typographical paint and mastic;

20.41.0 - production of soap and the detergents cleaning and the polishing medicines;

20.51.0 - production of explosives;

20.52.0 - glue production;

20.59.0 - production of the other chemical goods which are not included in other categories;

20.60.0 - production of artificial fibers;

22.21.0 - production of plastic plates, strips, pipes and profiles;

22.23.0 - production of construction plastic products;

23.14.0 - fiber glass production;

26.80.0 - production of magnetic and optical transmission media of information.

10. Petrochemical industry.

20.17.0 - synthetic rubber production in primary form;

22.11.1 - production of rubber tires, tires and cameras;

22.19.0 - production of other rubber products;

11. The medical industry, and also production of medicines for veterinary science.

21.10.0 - production of the main pharmaceutical products;

21.20.0 - production of pharmaceutical medicines;

26.60.0 - production of the irradiating, electromedical and electrotherapeutic equipment;

30.92.0 - production of bicycles and carriages / chairs for disabled;

32.50.0 - production of medical and dental tools and accessories.

12. Production of packaging materials.

17.21.0 - production of crepe paper and cardboard, paper and cardboard tare (regarding packaging materials);

22.22.0 - production of plastic packagings for goods;

25.92.0 - production of packaging material from light metals.

13. Construction of power plants based on alternative energy sources.

14. Coal industry:

coal enrichment:

05.10.0 - coal production (regarding coal enrichment);

05.20.0 - lignite production (regarding lignite enrichment);

production of coal briquettes:

19.20.0 - production of products of oil processing (regarding coal briquettes and briquettes from lignite);

slate industry:

08.11.0 - production of finishing and construction stone, limestone, gypsum, chalk and slates (regarding combustible slate).

15. Production of electroferroalloys and hardware of production appointment.

24.10.0 - production of cast iron, steel and ferroalloys;

24.31.0 - cold drawing;

24.32.0 - cold rolling of tapes and narrow strips;

24.33.0 - cold molding or folding;

24.34.0 - production of wire by cold pulling;

25.93.0 - production of products from wire, chains and springs;

25.94.0 - production of fixing and carving products;

25.99.0 - production of the other finished metal goods which are not included in other categories.

16. Mechanical engineering and metal working.

mechanical engineering:

25.73.0 - production of tools;

27.11.0 - production of electric motors, generators and transformers;

27.12.0 - production of the electrodistribution and regulating equipment;

27.20.0 - production of batteries and accumulators;

27.33.0 - production of electric devices;

27.40.0 - production of the electric lighting equipment;

27.90.0 - production of the other electric equipment;

28.11.0 - production of engines and turbines, except aviation, automobile and motorcycle engines;

28.12.0 - production of the hydraulic and pneumatic equipment;

28.13.0 - production of other pumps and compressors;

28.14.0 - production of other cranes and gates;

28.22.0 - production podjemno - the transport equipment;

28.25.0 - production of the industrial refrigeration and ventilating equipment;

28.29.0 - production of the other machines and the general machinery which is not switched on in other categories;

28.41.0 - equipment manufacturing for processing of metals pressure;

28.91.0 - production of machines and equipment for metallurgy;

28.92.0 - production of the equipment for the mining industry and underground mining;

28.95.0 - production of machines and equipment for production of paper and cardboard;

28.96.0 - equipment manufacturing for conversion of plastic and rubber;

28.99.0 - production of the other machines and the equipment of special purpose which is not switched on in other categories;

30.20.0 - production of railway locomotives and railway vehicles.

tractor and agricultural mechanical engineering:

28.30.0 - production of the agricultural and forestry and landscape machinery;

28.93.0 - equipment manufacturing for production and conversion of food, drinks and tobacco products (regarding the equipment for cleaning, sorting or crushing of grain, seeds and dry bean cultures and production of slivkootdelitel);

28.22.0 - production podjemno - the transport equipment (in part production of conveyors for use on farms);

construction, road and utility mechanical engineering:

25.30.0 - production of boilers, except coppers of central heating;

28.92.0 - production of the equipment for the mining industry and underground mining;

mechanical engineering for the light and food industry and household appliances:

27.51.0 - production of household devices;

27.52.0 - production of not electric household appliances;

28.21.0 - production of plates, furnaces and oven torches;

28.93.0 - equipment manufacturing for production and conversion of food, drinks and tobacco products;

28.94.0 - production of machines and equipment for production of textile, sewing, fur and leather products;

28.99.0 - production of the other machines and the equipment of special purpose which is not switched on in other categories;

26.60.0 - production of the irradiating, electromedical and electrotherapeutic equipment (in part production of the irradiatsionny equipment for production of food and dairy products).

17. Machine-tool and tool industry.

23.91.0 - production of abrasive products;

24.10.0 - production of cast iron, steel and ferroalloys;

25.73.0 - production of tools;

26.51.0 - production of devices and tools for measurement, control, testing, navigation;

26.52.0 - production of hours;

26.60.0 - production of the irradiating, electromedical and electrotherapeutic equipment;

26.70.0 - production of optical devices and photographic equipment;

27.90.0 - production of the other electric equipment;

28.15.0 - production of bearings, gears, elements of tooth gearings and drives;

28.24.0 - production of hand electric tools;

28.29.0 - production of the other machines and the general machinery which is not switched on in other categories;

28.41.0 - equipment manufacturing for processing of metals pressure;

28.49.0 - production of other metalworking machines;

28.91.0 - production of machines and equipment for metallurgy;

30.91.0 - production of motorcycles.

18. Glass and farforofayansovy industry.

23.11.0 - production of sheet glass;

23.12.0 - formation and processing of sheet glass;

23.13.0 - production of hollow glass products;

23.19.0 - production and processing of other glass products, including technical;

23.41.0 - production of ceramic household and decorative items;

23.49.0 - production of other pottery.

19. Microbiological industry.

10.91.0 - production of ready-made feeds for the animals containing on farms;

20.14.0 - production of other main organic chemicals;

20.20.0 - production of pesticides and other agrochemical goods;

20.30.0 - production of paints, varnishes and similar dyes, typographical paint and mastic.

20. Production of toys.

32.40.0 - production of games and toys.

21. Tourism.

hotel services:

55.10.0 - hotels and similar places of residence.

tourist services:

79.11.0 - activities of the tourist agencies;

79.12.0 - activities of tour operators;

79.90.0 - other types of service on booking and the services accompanying them (regarding tourist services).".

Appendix 2

to the changes and amendment brought in Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

"Appendix No. 3

to Regulations on procedure for application of tax benefits for the companies attracting direct private foreign investments

NOTIFICATION about application of the tax benefits provided to the companies attracting straight lines private foreign investments
Legal entity _________________________________________________________________________________
		(full name of the legal entity)
at the address: ___________________________________________________________________________
		(postal index, city (area, village), name of the street and house number (apartments))
performing __________________________________________________________________________________,
			(main (profile) type of activity)
notifies you on what with ___________________ applies the tax benefits provided by the Presidential decree
		(date)
The Republic of Uzbekistan of 11.04.2005 No. UP-3594 "About Additional Measures for Stimulation of Attraction of Direct Private Foreign Investments".
The amount of direct private foreign investments makes ________________________________________________
____________________________________________________________________________________ thousand dollars of the USA.
	(sum in words)
This is to confirm that investments are performed without provision of a guarantee for the Republic of Uzbekistan.
It is represented in ___________________________________________________________________________________
		(body of the State Tax Service for the place of tax accounting)

Note.

This notification is submitted in written (in duplicate) or electronically, directed through personal office of the taxpayer, including through information system. In case of submission of the notification in writing the body of the State Tax Service does mark about receipt of the notification and one copy of the notification no later than the next day returns to the applicant.

The copy of the certificate on state registration of the legal entity, confirmation of the Ministry of Finance of the Republic of Uzbekistan that investments are performed without provision of a guarantee for the Republic of Uzbekistan, and also confirmation about completely created authorized capital (fund) and share of the foreign investor in the authorized capital (fund) of the company are represented by relevant organs and the organizations for the written appeal of body of the State Tax Service.".

 

 

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