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Economy
06/08/2010
Uzbekistan adopts regulation on order of tax payment for use of interior for utilized flare gas
Uzbekistan adopts regulation on order of tax payment for use of interior for utilized flare gas
Tashkent, Uzbekistan (UzDaily.com) --
Ministry of Finance and the State Tax Committee of Uzbekistan adopted a regulation on order of payment of tax for use of interior for utilized natural (flare) gas. The regulation entered into force at the end of July.
The tax rate is set at 9% from taxable base. The tax is paid by enterprises, realizing utilized flare gas.
Taxable base for tax on use of interior for utilized natural (flare) gas is the cost of the volume of utilized natural (flare) gas, calculated at average weighted price for realized gas in the reporting period.
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