Tax exemptions of General Motors Uzbekistan, SamAuto and JV MAN Auto-Uzbekistan are canceled
29/12/2018 16:58
Tax exemptions of General Motors Uzbekistan, SamAuto and JV MAN Auto-Uzbekistan are canceled
29/12/2018 16:58
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev abolished tax incentives of General Motors Uzbekistan, SamAuto and JV MAN Auto-Uzbekistan.
This is envisaged by the presidential resolution on the forecast of the main macroeconomic indicators and the parameters of the state budget for 2019 and budget guidelines for 2020–2021.
According to the document, they are now exempted only from paying value added tax (VAT).
Earlier GM Uzbekistan was exempt from all taxes and mandatory payments.
Manufacturers of components, materials and tooling also did not pay VAT, income tax and property tax in terms of fixed assets used for their production.
Earlier, SamAuto was also exempted from income tax, property tax of legal entities, land tax from legal entities, VAT and mandatory contributions to the extrabudgetary Fund for the development of the material and technical base of educational and medical institutions under the Ministry of Finance.
The Uzbek-German joint venture JV MAN Auto Uzbekistan was exempt from corporate income tax, VAT and obligatory payments to the Republican road fund.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |