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Uzbekistan’s Mining Fiscal Regime: H2 2015
Synopsis
Timetric’s Uzbek fiscal regime report outlines the governing bodies governing laws licenses rights and obligations and tax-related information for five commodities: gold copper silver coal and uranium.
Summary
Timetric's fiscal regime report covers Uzbekistan which has consolidated its position in the world market of mineral raw materials in many areas. 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
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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 real 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.
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• 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
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