New incentives for value added tax (VAT) and customs duties in Uzbekistan
To support the import of new technological equipment that is not produced in Uzbekistan, Article 6 of Article 246 of the Tax Code of the Republic of Uzbekistan provided for the exemption of such equipment from VAT.
30.11.2020
The Ministry of Economic Development of the Russian Federation plans to grant a residence permit to foreign citizens who are investing in Russian business. This bill is aimed at simplifying the stay of investors in the country.
30.11.2020
On November 30, 2020, at a meeting of the Government of the Russian Federation, it was decided to extend the moratorium on scheduled inspections in relation to small businesses. The document was published on the website of the Government of the Russian Federation.
Market rules will be introduced and the “Code of electric networks” will be developed in the energy sector of Uzbekistan
On October 23, representatives of the Ministry of Energy held a round-table discussion with a number of international financial institutions on further reform of the energy sector in Uzbekistan.
USD 457.8 million will be invested into the Uzbekistan’s electric power complex
The Cabinet of Ministers of the Republic of Uzbekistan approved the electric power investment project “Introduction of an automated system for accounting and control of electricity in the Republic of Uzbekistan” worth USD 457.8 million. The Resolution on this matter was adopted on October 30, 2020.
In Uzbekistan there has been determined a new Investor of the project on renewable energy sources
On October 31, the Cabinet of Ministers adopted Resolution No.ПКМ-667 “On additional measures for the implementation of the investment project “Construction of a 100 MW photovoltaic power plant in Navoi region”” (the “Resolution No.ПКМ-667”).