Uzbekistan indexes land tax by 1.15 times
29/12/2009 17:04
Uzbekistan indexes land tax by 1.15 times
29/12/2009 17:04
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan indexed rates of land tax and tax for use of water by 1.15 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 2010”.
The document also envisages unification and optimization of tax for use of subsurface on separate groups of natural resources.
Uzbekistan set tax for superprofit at the level of 50% for all tax payers. The government, at the same time, kept current calculations of prices for determining taxation base for superprofit tax. The government introduced tax for superprofit for clinker at the size of 80,000 soums per one tonne and the tax rate – 50%.
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% |