Uzbekistan indexes rates of land tax, water use tax by 1.2 times
05/01/2011 01:41
Uzbekistan indexes rates of land tax, water use tax by 1.2 times
05/01/2011 01:41
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan indexed rates of land tax and tax for use of water by 1.2 times to increase efficiency of land and water use.
This measure is envisaged in the resolution of the President “On forecasts of main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan in 2011”.
In order to stimulate more effective and rational use of land resources, the rate of single land tax for farms increased from 5% to 6% from normative cost of land.
Uzbekistan kept rates of taxes for use of entrails and bonuses – subscription and commercial disclosure.
In line with the Tax Code, subsurface users should pay bonuses (one time payment) for right to carry out exploration and production of natural resources and for each commercial disclosure of natural resources’ field.
The resolution set following tax rates:
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$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |