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Sports 06/06/2012 Government extends preferences to football clubs
Government extends preferences to football clubs
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan extended tax preferences to football clubs and Uzbekistan Football Federation.

According to Norma, the Cabinet of Ministers approved a resolution on 1 June, which is directed at further strengthening of material-technical base of football clubs, Uzbekistan Football Federation and its branches.

In line with the resolution, they are exempted from payment of customs duties (except registration fee) to imported sport tools, equipment and materials, which are not produced in Uzbekistan and necessary for reconstruction of stadiums and strengthening material-technical base of clubs, and from all taxes and payments (except single social payment) for three years from 1 June 2012.

Funds received from tax preferences should be directed to development of football. Uzbekistan State Tax Committee will control over targeted use of funds.

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