Size of the deduction of funds from the sale of natural gas and electricity reduced
Tashkent, Uzbekistan (UzDaily.com) -- Presidential Decree adopted on measures to further improve mutual settlements and improve financial sustainability in the fuel and energy sector.
According to the Decree, from 1 August 2019, the deduction of funds from the sale of natural gas and electricity to the Development Fund of the Compulsory Enforcement Bureau will be made at a rate of 5 percent, with VAT and excise tax deducted. Previously, deductions accounted for 10 percent of the funds received.
By the end of 2019, the number of electricity connected to the automated control and metering system will be increased to 2.5 million, and by the end of 2020, 100% of consumers will be connected to the system.
For these purposes from the Fund allocated 100 billion soums.
From 1 January 2020, the provision of part of the prosecution officers will be transferred from the Fund to the state budget.