Uzbekistan exempted import of vegetable oil from VAT
30/04/2021 13:52
Uzbekistan exempted import of vegetable oil from VAT
30/04/2021 13:52
Tashkent, Uzbekistan (UzDaily.com) -- On 29 April, President of Uzbekistan Shavkat Mirziyoyev signed a law "On measures to provide the population with certain types of food products."
The law introduced amendments to the Tax Code. According to this, the following are exempt from value added tax from 1 May to 31 December 2021:
import into the territory of the Republic of Uzbekistan of vegetable oil, sunflower and flax seeds, as well as soybeans;
turnover for the production and (or) sale of vegetable oil (except for cottonseed oil).
According to the document, in the period from 1 May to 31 December 2021:
export customs duties are introduced for certain types of food products
business entities are allowed to export no more than 50 percent of the produced vegetable oil (TN VED codes 1512 11 - 1512 19), obtained as a result of processing sunflower oil and sunflower seeds imported by these entities.
$ 1 | 12570.00 | +0.024% |
1 | 13698.79 | -0.378% |
₽ 1 | 136.91 | -0.270% |