Ministry of Finance adopted a decree, which introduced changes to regulation on order of accruing positive difference between internal and actual price of cotton fiber at accounts of territorial divisions of Uzpakhtasanoat and use of these resources.

In line with amendments, realization of cotton fiber to enterprises in Uzbekistan imposed with VAT at the rate of 20%. Earlier, the rate was equal to 0.

The positive difference sum, which is not tax object, now will be directed to cotton producing farmers for repayment of loans, which will be further directed to budget and off-budget funds. For these purpose, 50% of the sum will be directed.

Other part will be directed to repayment of debts of Uzpakhtasanoat before budget and off-budget funds.