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Finance
26/12/2013
Uzbekistan introduces income tax for sales of assets by foreign investors
Uzbekistan introduces income tax for sales of assets by foreign investors
Tashkent, Uzbekistan (UzDaily.com) --
Uzbekistan will introduce a tax for income, received by foreign investors from sales of their assets, RIA Novosti reported quoting the source in the State Tax Committee of the country said.
The source said that from 1 January income from the growth of the cost, received in the result of the sales of shares in the charter capital of legal entities in Uzbekistan, as well as real estate, located in Uzbekistan, owned by foreign legal entities, will be taxed.
The classified tax rates will be approved by the resolution of the Government in the beginning of 2014.
Currently, income, received from foreign companies at carrying out deals with assets in the territory, is not taxed.
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