Tashkent, Uzbekistan (UzDaily.com) -- On 13 March, the Ministry of Finance of the Republic of Uzbekistan held a presentation of the taxation procedure for projects financed by international financial institutions (IFIs) and foreign government financial organizations (IFO), within the framework of the new version of the Tax code.

The event was attended by representatives of international financial institutions (ADB, world Bank, IDB, COISA, Erasmus and others) and project initiators.

The participants were informed that the turnover on the sale of goods (services) purchased by legal entities through loans (credits) provided by international and foreign government financial organizations under international agreements of the Republic of Uzbekistan, within the framework of projects approved by international and foreign government financial organizations before 1 July 2020, is not subject to value added tax and excise tax.

At the end of the presentation, the Ministry employees answered questions from representatives of international financial institutions and project initiators.