News

Uzbekistan: Peculiarities of non-residents taxation

Peculiarities of taxation of non-residents of the Republic of Uzbekistan are determined in Articles 20, 154 and 155-1 of the Tax Code of the Republic of Uzbekistan which settle the relations between nonresidents and residents of Uzbekistan at payment of income to nonresidents gained in the territory of Uzbekistan through permanent establishment or without formation of permanent establishment.  The principles of the taxation of foreign legal entities in Uzbekistan correspond to the international practice. So according to these principles there are two main options of income gaining by the foreign organization and, respectively, two options of its taxation: through permanent establishment and without formation of permanent establishment.

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A South Korean company, Heerim Architects, is to develop a project of a multifunctional ice complex Humo Arena in Tashkent

The commissioning of the first sports facility of this kind in Uzbekistan is scheduled for the next year. The complex will be built by the Singaporean Enter Engineering Pte. Ltd, and ordered by the domestic Wind Rose. The project will be financed at the expense of the customer's private funds.

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Pushkin poetry festival in Tashkent

Cooperation between the Republic of Uzbekistan and the Russian Federation is developing consistently in all its areas, including in the cultural-humanitarian sphere.

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The new stage of social and economic development of Andijan region

President of the Republic of Uzbekistan Shavkat Mirziyoyev has visited the “Yoyilma” neighbourhood in the town of Andijon on 3 June.

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Experts discuss development of light industry in Uzbekistan

The regular meeting of the International Press Club World passed under the title “Recognition of Uzbek textiles” on May 24. The adviser of the chairman of the board of "Uzbekengilsanoat" JSC Rasul Sadykov, the chairman of the Association of Designers of Uzbekistan "Osiyo Ramzi" Khalida Kamilova and the director of "Istiklol Textile Design" Baktiyor Umarov were the speakers. Representatives of Uzbekengilsanoat JSC, “Uzbek Ipagi” Association, textile companies, experts, members of the IPC Public Council, domestic and international media accredited in Uzbekistan also took part in the meeting.

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In Uzbekistan programme of measures on further development and improvement of culture and art adopted

President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures on further development and improvement of culture and art sphere”.

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Labor Ministry reorganised into Ministry of employment and labor relations

The President of Uzbekistan signed a decree on measures on further improvement of state policy in the sphere of employment and radical improvement of the efficiency of labor agencies.

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Uzbekistan to channel $50mn for establishment of walnut plantations

President Shavkat Mirziyoev signed a Decree "On creation and organisation of activities of the Association of producers and exporters of walnuts".

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State Veterinary Committee created in Uzbekistan

On 1 June, President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures for cardinal improvement of the state veterinary service management system”.

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Companies of Uzbekistan have been granted with several privileges and preferences, which are expected to bring export performance to a new level

For example, since June 1, 2017, exporters are entitled to supply goods of their own production abroad without prepayment, opening of a letter of credit, processing of a bank guarantee and an insurance certificate for export contract against political and commercial risks.

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