Questions and answers

Can you give us an idea of the changes in personal property tax rates in 2018?

Since 2014, apartments (located in cities, with a total area of 200 square meters. m) are demolished residential premises owned by individuals.M.: suburban buildings, garages and other buildings, rooms and structures -1.2 percent, located in cities with a total area of 200 sq. m. more than 500 sq. m.: – for housing and apartments up to 1.4 percent, 500 sq.m.: for residential premises and apartments exceeding 1, 8 percent, the tax rate is applied in relation to the inventory value of the property. (Annex No. 18 to the Decree of the President of the Republic of Uzbekistan dated December 25, 2013 No. PP-2099)

Can I open a Bank account of my company in any commercial Bank in the region where it is convenient for me and where my company is located, or only in commercial banks where my company is in state registration?

In accordance with the second paragraph of point 3 of the Instruction “on Bank accounts opened in banks of Uzbekistan” (registration No. 1948, April 27, 2009), enterprises in wholesale trade-payers of the single tax payment (with the exception of specialized wholesale bases offices included in the wholesale of pharmacies associations of wholesalers) are required to conduct primary and secondary accounts in national currency in commercial banks and (or)organizations (excluding commercial banks), their branches should be open.

Learn more about when money is considered insolvent?

The “journal of cash management, collection and transportation of valuables in commercial banks”, registered by the Ministry of justice of the Central Bank No. 1831 of 27 June 2008, establishes the rules for determining the signs of solvency “Sum”. Economic entities shall accept the following non-cash banknotes for payment and transfer them to banks as proceeds: a) money for which there are inscriptions with holes or tears, ink, spots, pencils, ink and felt-tip pens in any part; b) chopped and glued coins, if both parts of the money undoubtedly belong to one banknote; C) coins in which dyes and acid ingots, the natural color of which has changed, burned, painted or scratched; d) coins in which at least 55 percent of the total volume of the banknote is stored, regardless of the type of damage and location.

In what order is the allocation of the resource of vegetable oil at the expense of state resources?

In order to prevent interruptions in the provision of Republic with vegetable oil vegetable (cottonseed) oil produced through public funds, mainly directed by the Cabinet of Ministers on the needs of the population proportionally across the regions based on population in the areas.

Распределение объемов растительного масла, выделенного в распоряжение регионов, в разрезе районов и торговых учреждений исходя из численности населения, осуществляется полностью председателем Совета Министров Республики Каракалпакстан, хокимами областей и города Ташкента.

What is the procedure for buying cotton fiber?

JSC “Uzpakhtaexport” exports cotton fiber and its processing to Republican enterprises in accordance with the annually approved parameters of the balance of production and supply of cotton fiber under direct contracts in freely convertible currency and on the basis of the Regulation”on the procedure for the sale of cotton fiber to Republican enterprises and exports at stock trading through the Republican commodity exchange”, approved by the Cabinet of Ministers of August 30, 2016 № 286.

JSC “Uzpakhtaexport” for the acquisition of cotton fiber www.uzexpo.uz information is available on the official website.

I want to get a loan from a commercial Bank. What types of security can I provide to the Bank when obtaining a loan?

The borrower may provide the Bank with one or more of the following types of security:

  • pledge of property or securities;
  • the guarantee of a Bank or an insurance company;
  • third party guarantee;
  • insurance policy on insurance of the risk of default of the loan by the borrower.

The property acquired at the expense of the loan may be pledged for the loan in the amount of 80 percent of its value.

Is there a fee for banking services in the payment of taxes and mandatory payments by small businesses?

When small businesses and businesses pay taxes and other mandatory payments from their accounts to the state budget of the Republic of Uzbekistan payments for banking services are not charged.