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Economy 26/05/2020 Ministry of Energy: No proposal was made to revise excise tax rates on petroleum product imports
Ministry of Energy: No proposal was made to revise excise tax rates on petroleum product imports

Tashkent, Uzbekistan (UzDaily.com) -- At present, excise tax rates on produced petroleum products and upon import differ from each other. So, if manufacturers of 1 ton of AI-92 gasoline pay excise tax of 250,000 soums, then importers pay excise tax at a rate of 5 percent of the customs value of this brand of gasoline, which is estimated at 121,500 soums with a cost of 1 ton of imported gasoline of US$240.

As part of the prices at the beginning of the year, the amount of excise tax paid upon import and within the country in absolute terms was identical.

As part of the work carried out by the Ministry of Finance in cooperation with interested ministries and departments to unify excise tax rates, issues are being worked out to establish a single excise tax rate for imports and for the production of petroleum products.

At the same time, the Ministry of Energy did not make proposals to revise excise tax rates on imports of petroleum products.

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