New opportunity provided for non-resident legal entities

Tashkent, Uzbekistan (UzDaily.com) -- Non-resident legal entities participating in exchange trading in Uzbekistan can now register electronically on the website of the State Tax Committee.

From 1 January2021, a special section "Registration of non-residents" has been functioning on the State Tax Committee’s website, where non-resident legal entities can be registered and deregistered electronically in the state tax authorities.

Non-resident legal entities participating in exchange trading can use this system to send an application for registration to the tax authorities with the attachment of the following documents:

1. A copy of a document confirming the state registration of a non-resident legal entity in the state of establishment (indicating the personal taxpayer number), translated into the state language;

2. A copy of the civil passport of the authorized person;

3. A copy of the power of attorney of an authorized person confirming the right to act on behalf of a non-resident legal entity in the Republic of Uzbekistan or other document (if any) with translation into the state language.

An application for registration is considered within 3 (three) business days and is satisfied or (if there are any deficiencies) is rejected and returned (a notification is sent by e-mail) with an indication of the reasons.

Information on registration (TIN assignment) of a non-resident legal entity is automatically sent to e-mail.

According to Article 128 of the Tax Code, non-resident legal entities that carry out transactions on commodity exchanges and (or) purchase (sale) of shares of joint stock companies at organized auctions in the Republic of Uzbekistan are subject to registration with the tax authority at the place of exchange trading.