Approved by the Ministry of Finance of the Republic of Uzbekistan of September 23, 2000 No. 105, the Central bank of the Republic of Uzbekistan of September 22, 2000 No. 175-B, the Ministry of Labour of the Republic of Uzbekistan of September 21, 2000 No. 1930/01

Regulations on forming of the salary fund at the companies with foreign investments

This Provision is developed according to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of August 19, 2000 No. 326 "About measures for streamlining of salary payment at the companies with foreign investments" for the purpose of streamlining of wages system at the companies with foreign investments, non-admissions of artificial understating of the salary fund and evasion from the taxation by salary payment through illegal channels and strengthenings of social guarantees in the field of compensation to employees of these companies.

The provision extends to all companies, the organizations and organizations (further - "the companies with foreign investments") in which foreign investments constitute at least thirty percent of shares (share, shares) or authorized fund, and one of members of whom are:

- the international organizations founded according to agreements or other contracts between the states or which are the subject of the international public law;

- the legal entities, any other partnerships, the organizations and associations founded and operating according to acts of the legislation of foreign states;

- foreign states, administrative and territorial authorities of foreign states.

Forming of the salary fund at the companies with foreign investments.

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