BAKU, Azerbaijan, Mar. 19
By Ilkin Seyfaddini – Trend:
The turnover on sales of goods and services by legal entities through loans provided by international organizations, until 1 July 2020, will not be subjected to taxation, Trend reports citing the Ministry of Finance of Uzbekistan.
The Ministry of Finance of Uzbekistan held a presentation of the procedure for taxation of projects funded by international financial institutions (IFIs) and foreign government financial organizations (IFIs), as part of the new version of the country's Tax Code.
Representatives of international financial institutions (ADB, World Bank, IDB, KOICA, Erasmus and others) and project initiators participated in the event.
The participants were informed that the turnover on sales of goods (services) acquired by legal entities through loans (credits) provided by international and foreign government financial organizations under international agreements of Uzbekistan, within the projects approved by international and foreign government financial organizations until July 1, 2020, is not subject to value added tax and excise tax.
At the end of the presentation, ministry answered questions from representatives of international financial institutions.
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