Uzbekistan’s Mining Fiscal Regime: H2 2014
- Pages: 17
- Published: February 2015
- Report Code: MMFR0061MR
Uzbekistan has large mineral reserves, with key deposits of copper, gold and uranium. The mining industry in Uzbekistan is governed by the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources, as well as the State Committee of the Republic of Uzbekistan for Nature Protection.
The country’s ‘On Subsoil’ law is the apex law for its mining industry, stating that minerals are the property of the state, subject to their rational use and protection.
The report outlines Uzbekistan's governing bodies, laws, mining licenses, rights and obligations and tax-related information, which includes subsoil use tax, excess profit tax, bonus (subscription and commercial exploration), corporate tax, real property tax, withholding tax, depreciation, losses carried forward and value added tax (VAT).
• The State Committee of the Republic of Uzbekistan on Geology and Mineral Resources came into force on May 11, 1991; it carries out geological analysis of mineral resources.
• The State Committee of the Republic of Uzbekistan for Nature Protection is responsible for the protection of the environment, as well as the use and reproduction of natural resources.
•The main act regulating the mining industry in Uzbekistan is the Law on Subsoil No. 444-II, new edition, dated December 13, 2002 (Subsoil Law).
•The main aim of the law is to regulate the scope of relationships when processing, using and disposing of subsoil.
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Gain an overview of Uzbekistan's mining fiscal regime.
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
2.2 State Committee of the Republic of Uzbekistan for Nature Protection
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 of the Republic of Uzbekistan ‘On Concessions’
3.4 Law ‘On Product Sharing Agreements’
4 The Uzbek Mining Industry – Mining Licenses
4.1 License for Geological Study
4.2 License to Use Subsoil
4.3 Mining Allotment
5 The Uzbek Mining industry – Rights and 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 Real Property Tax
6.6 Withholding Tax
6.8 Losses Carried Forward
6.9 Value Added Tax (VAT)
7.1 What is this Report About?
7.3 Secondary Research
7.4 Primary Research
7.5 Contact GlobalData
7.6 About GlobalData
7.7 GlobalData’s Services
List of Tables
Table 1: The Mining Industry in Uzbekistan – Fiscal Regime Terms and Other Taxes, 2014
Table 2: The Mining Industry in Uzbekistan – Subsoil Tax (%), 2014
Table 3: The Mining Industry in Uzbekistan – Subscription Bonus, 2014
Table 4: The Mining industry in Uzbekistan – Depreciation Tax Rate (%), 2014
List of Figures
Figure 1: The Mining Industry in Uzbekistan – Commodity Mines at Different Stages (Number of Mines), 2014 2