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Economy 17/09/2012 Uz-Prista to pay VAT in national currency
Uz-Prista to pay VAT in national currency
Tashkent, Uzbekistan (UzDaily.com) -- The Government off Uzbekistan allowed Uz-Prista JV LLC to pay value added tax (VAT) in national currency at purchase of basic oils.

According to the governmental resolution, Uz-Prista received right to pay VAT in national currency at the rate of the Central Bank of Uzbekistan on payment date during purchase basic oils from Ferghana Refinery for hard currency in 2012-2013.

Uz-Prista is implementing a project a project “Production and realization of high-quality mineral, synthetic and semi-synthetic oils, as well as antifreezes”.

In line with the governmental resolution from 15 November 2011, Uzbekneftegaz will supply base oils, produced at Ferghana Oil Processing Plant, to Uz-Prista JV LLC at the volume of 3,000 tonnes a month in 2012-2013, of which 2,000 tonnes will be sold in hard currency.

Prista Oil Holding EAD (Bulgaria) acquired a 50.1% stake of Texaco Overseas Holdings Inc. (USA) in joint venture Uz-Texaco LLC.

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