Uzbekistan establishes a special procedure for placing the rights to use a subsoil plot for competitive bidding
The Decree of the President of the Republic of Uzbekistan “On measures for further stimulation of geological exploration works and improvement of the procedure of taxation of subsoil users” No.УП-6319 dated October 6, 2021 (the – “Decree No.УП-6319”) provides for a special tender procedure for the right to use the subsoil for geological exploration or mining in previously explored areas with commercial potential.
Investors will be granted a tax deferral in Uzbekistan
By the Decision of the President of the Republic of Uzbekistan “On improvement of mechanisms of tax deferral by domestic and foreign Investors” No.ПП-5274 dated from November 2, 2021 (the “Decision No.ПП-5274”), the business entities have been granted tax benefits in the form of a deferral.
There have been established the liability for business activity without appropriate permits in Uzbekistan
The Law “On introduction of amendments and additions to certain legislative acts of the Republic of Uzbekistan in connection with the adoption of the Law of the Republic of Uzbekistan “On Licensing, Permitting and Notification Procedures”” No.ЗРУ-721 dated October 12, 2021 was adopted (the “Law No.ЗРУ-721”).
The process of privatization land plots for non-agricultural purpose is amended in Uzbekistan
In accordance with Law “On privatization of non-agricultural land” No.ЗРУ-728 dated November 15, 2021 (the “Law on privatization”) the following are the objects of privatization
In Uzbekistan liability for the breach of law on personal data has been tightened
In accordance with the Law “On amendments and additions to some legislative acts of the Republic of Uzbekistan” No.ЗРУ-726 dated September 29, 2021 (the “Law No.ЗРУ-726”) there have been introduced amendments to the Administrative Code of the Republic of Uzbekistan (the “Administrative Code”) and to the Criminal Code of the Republic of Uzbekistan (the “Criminal Code”).
There have been introduced amendments and alterations to the Customs Code of Uzbekistan
The Oliy Majlis on the twentieth plenary session approved the Law “On amendments and changes to the Custom Code of the Republic of Uzbekistan” on October 21, 2021 (the “Law on amendments”). Articles 70 and 81 of the Custom Code have been amended and 10 new articles have also been included. New articles introduce pre-trial settlement of disputes between the customs authorities and entrepreneurs.
Amendments were made to the Rules of trademark registration in Uzbekistan
By the order of the Minister of Justice No.1988-4 dated October 8, 2021, amendments and additions were made to the “Rules of compilation, filing and considering an application for registration of a trademark and service mark” (the “Rules of trademark registration”).
The Administrative Provision for the selection of the best proposal for the implementation of a large investment project was approved in Uzbekistan
In accordance with the Resolution of the Cabinet of Ministers No.592 dated September 21, 2021 there was approved “Administrative Provision for the selection of the best proposal for the implementation of a large investment project” (the “Administrative Provision”).
Tax and customs incentives for subsoil users in Uzbekistan
On 6 October 2021, the President of the Republic of Uzbekistan signed the Decree “On measures for further stimulation of geological exploration works and improvement of the taxation procedure of subsoil users” No.УП-6319 (the “Decree No.УП-6319”).
There have been adopted measures to improve the record keeping system of taxpayers in Uzbekistan
On September 22, 2021, there was adopted the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures to further improve the record keeping of taxpayers and simplify the procedure of refunding value added tax” No.529 (the “Resolution No.529”).