Uzbekistan’s Mining Fiscal Regime: H1 2016

 Published On: Mar, 2016 |    No of Pages: 14 |  Published By: Timetric | Format: PDF
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Synopsis
Timetric’s Uzbek fiscal regime report outlines the governing bodies, governing laws, licenses, rights and obligations and tax-related information for five commodities, which include gold, copper, silver, coal and uranium.

Summary
Timetric's fiscal regime report covers Uzbekistan which has consolidated its position in many areas of the world mineral raw materials market. It has large mineral reserves, with key deposits of copper, gold and uranium. Other significant mineral resources include coal, silver, tellurium, selenium, rhenium, tungsten, lead and zinc

Scope
The report outlines the governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes subsoil use tax, excess profit tax, bonus (subscription and commercial exploration), corporate tax, property tax, withholding tax, value added tax (VAT), excise duty and compulsory contributions

Reasons To Buy
Gain an overview of Uzbekistan's mining fiscal regime.

Key Highlights
- The State Committee of the Republic of Uzbekistan on Geology and Mineral Resources came into force on February 12, 1991, having been established by a declaration of the President of Uzbek Soviet Republic.

- The subsoil law provides a fundamental legal framework governing the exploration and development of all subsoil resources, including minerals.

- The Agreement of product sharing is generally contracted with foreign investors for a specific period, the exclusive rights for exploitation, and the exploration and excavation of the mineral resource according to the terms of the contract
Table of Contents
1 Executive Summary
2 The Uzbek Mining Industry – Governing Bodies
2.1 State Committee of the Republic of Uzbekistan on Geology and Mineral Resources
3 The Uzbek Mining Industry – Governing Laws
3.1 Law of the Republic of Uzbekistan ‘On Subsoil’
3.2 Law of the Republic of Uzbekistan ‘On Radiation Safety’
3.3 Law ‘On Product Sharing Agreements’
4 The Uzbek Mining Industry – Mining Licenses
4.1 License for Subsoil Use
5 The Uzbek Mining industry – Rights and Obligations
5.1 Rights
5.2 Obligations
6 The Uzbek Mining Industry – Key Fiscal Terms
6.1 Subsoil Use Tax
6.2 Excess Profit Tax
6.3 Bonus (Subscription and Commercial Exploration)
6.4 Corporate Tax
6.5 Property Tax
6.6 Withholding Tax
6.7 Value Added Tax (VAT)
6.8 Excise Duty
6.9 Compulsory Contributions:
7 Appendix
7.1 Abbreviations
7.2 Secondary Research
7.3 Primary Research
7.4 Contact Timetric
7.5 About Timetric
7.6 Timetric’s Services
7.7 Disclaimer

List of Tables
Table 1: The Mining Industry in Uzbekistan – Key Taxes and Rates, 2016
Table 2: The Mining Industry in Uzbekistan – Subsoil Tax (%), 2016
Table 3: The Mining Industry in Uzbekistan – Subscription Bonus, 2016

List of Figures
Figure 1: The Mining Industry in Uzbekistan – Commodity Mines at Different Stages (Number of Mines), 2016 ral resource according to the terms of the contract 

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