Tax Alert: 30 October 2012

Resolution of the Cabinet of Ministers No.281 of 2 October 2012 

Resolution of the Cabinet of Ministers No.281 of 2 October 2012 approved the Regulation on granting by municipal authorities of benefits on property tax, land tax, unified land tax and infrastructure development tax to certain categories of legal entities. 

Benefits on these taxes are provided in a first-priority order to the following taxpayers: 

  • carrying out modernisation, technical and technological re-equipment of production; 
  • included in Investment programme of Uzbekistan or territorial investment programmes; 
  • those taking part in the development of territory infrastructure. 

Number of Reports comprising Annual Financial Statements is reduced 

By the Decree of the Ministry of Finance No.474-1 of 5 October 2012 the Statement on fixed assets flow was excluded from the list of forms composing the annual financial reporting.