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Operating Conditions

Conditions in accordance with the Presidential Decree of June 29, 2018

Notes

1)Income Taxes

Basic tax rate-14%;

The tax rate for commercial

Payers of profit tax are enterprises banks-22%

Cellular companies with a profitability level:

till 20%-14%;

over 20% - 50% of the amount of profit,

Basic tax rate – 12%;

 The tax rate for commercial banks-20%

Cellular companies – 20%

Payers of profit tax are enterprises banks-22%                                                                                                    whose annual turnover (revenue) exceeds

1 billion soums.

It is canceled for cellular companies the        

 procedure for calculating the excess

 profit tax, depending on the level of profitability

2) Income tax on

dividends and interest

The tax rate on dividends and interest collected at the source of payment-10%

The tax rate on dividends and interest charged at the source of payment-5%

Payers of the tax on dividends and interest are all enterprises, regardless of turnover (proceeds)

3) Tax on personal income

Progressive scale:

till 1 minimum wage-0%;

from 1 to 5 minimum wage-7,5%

from 5 to 10 -16,5%

from 10 to up min. wage-22,5%

The amount of personal income tax is reduced by the amount of mandatory contributions to individual accumulative pension accounts of citizens in the amount of 2%

Single rate - 12% 

The amount of personal income tax is reduced by the amount of mandatory contributions to individual accumulative pension accounts of citizens in the amount of 0.1%

The current procedure for exemption from                          taxation of income of certain categories of citizens in the amount of 4 min. wages

4)Value-added tax

The tax rate is 20% 

Are not payers of VAT, enterprises, that carry out activities under the               

simplified taxation procedure, -                     

Fixed Tax payers, single tax payers,                                                .

Unified Land Tax                                                        

The offset of VAT does not include amounts for the acquired fixed assets, objects of construction in progress and intangible assets

The tax rate is 20% 

Payers are enterprises that have annual  turnover (revenue) for the previous year more than 1 billion soums                          or reached the established threshold during the year.

The right to classify as VAT the acquired         fixed assets, unfinished                 construction objects and intangible assets

The established threshold of annual turnover (revenue) of 1 billion soums is subject to revision not less often than the first time in 3 years

A full-fledged tax offset system is being introduced, the specification of the taxable base and the reduction of the number of benefits, as well as the subsequent reduction in the rate

5)Excises

Excises on alcohol and tobacco products

Collections from enterprises producing alcohol and tobacco products for social needs

Excises and fees are collected from producers of alcoholic beverages and tobacco products, with the transfer of funds to the national budget for financing related activities

6) Property tax

The tax rate is 5% 

For equipment not installed in the regulatory period and construction objects not completed in the regulatory period, the tax is paid at a double rate

The tax rate is 2%

 Legal entities that inefficiently use buildings and structures, incl. on previously privatized objects, in the regulatory period, the tax is paid at a double rate

The payers of the property tax are all enterprises, regardless of the annual turnover (revenue), with the exception of enterprises that pay Unified Land Tax and Fixed Tax.

7) Unified Social Payment

Payment: 

microfirms and small enterprises,

as well as farms - 15%;

 other payers - 25%

Payment: 

 budgetary organizations and state enterprises, legal entities

with a state share in the statutory fund  (capital) of 50% or more, legal entities in the statutory fund  (capital) of which 50% or more belong to a legal entity with a state stake of 50% or more,

and their structural subdivisions - 25%;

8)Insurance premiums

The contribution rate is 8%

Contribution is excluded

9)Deductions to state funds

The rate of deductions is 3.2%

Deductions are excluded

10)Single tax payment

The payers of the Single Tax Payment –  paid a single tax instead of the generally established taxes.

Criterion for the payment of Single Tax Payment number of employees or activities in trade (catering).

Tax rates ranged from 1% to 33%.

The base rate is 5%.                                        Simultaneously, the land tax was paid for the payers of the EPP, having land plots of more than 1 hectare.

There is a possibility of paying VAT on a voluntary basis

Single Tax Payment is excluded Change in the payment system for payers who previously paid a Single Tax Payment: taxpayers with annual turnover (revenue) up to 1 billion soums, pay sales

tax (revenue) - i.e. the criterion is changed - instead of the number, the annual turnover (revenue) is introduced.

The base rate of turnover tax (revenue) is 4%

Payers of the turnover tax (revenue) simultaneously pay

property tax, land tax and tax for the use of water resources.

Value added tax can be paid on a voluntary basis

11) Unified Land Tax

12) Fixed tax

It is entrusted to review and reduce the types of activities permitted for the