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:

• Subscription bonus from 100 to 10,000 minimal size of salary, depending on type of natural resource;
• Bonus for commercial disclosure – 0.1% from the cost of the proved reserve volume.

The resolution said that subsurface users, who received license to use fields for exploration or mining of natural resources before 1 January 2010, will also pay bonuses, if it is envisaged in the terms of use of natural resource fields.