Tashkent, Uzbekistan (UzDaily.com) - A project for the construction of the Tashkent Central Park multifunctional complex has been submitted to the Antimonopoly Committee of Uzbekistan.
According to the Resolution of the President of the Republic of Uzbekistan "On additional measures for the implementation of the investment project for the construction of the Tashkent Central Park multifunctional complex", the Turkish company "Taskent Merkez Park Gayrimenkul Yatirim Anonim Sirketi" and "UzTur Investment and Development" LLC signed an investment agreement for the implementation of this project.
It notes that the investor is exempt from all types of taxes and fees until 1 January 2024, except for the unified social payment.
Also, until 1 January 2022, the investor is exempt from paying customs duties on the import of technological documents, materials, raw materials, equipment, spare parts, components, as well as rolled metal (excluding customs clearance fees), and from 1 January 2022 to 2024 - the specified goods are exempt from payment of customs duties (except for customs clearance fees and value added tax). The draft regulation also allows investors, contractors and subcontractors to place goods imported under the investment project in their warehouses.
The Decree of the President of the Republic of Uzbekistan "On Approval of the Concept of Administrative Reform in the Republic of Uzbekistan" envisages measures to establish restrictive measures on the creation of commercial organizations with the participation of the state and the reorganization of existing enterprises in areas in which the private sector effectively functions, as well as refusal from the practice of granting to certain economic entities exclusive rights, individual benefits and preferences that limit the development of a healthy competitive environment.
According to the Decree of the President of the Republic of Uzbekistan of the Republic of Uzbekistan "On measures to radically improve the procedure for granting benefits and preferences", tax and customs benefits and preferences are provided by laws and acts of the President of the Republic of Uzbekistan in general for industries, spheres of activity, territories, temporary benefits are provided by acts Of the President of the Republic of Uzbekistan for a period not exceeding 3 years, individual benefits are provided by acts of the President of the Republic of Uzbekistan, in exceptional cases, for the implementation of socially significant projects in industries where there is no interest of the private sector in investing, if there are specific social or economic reasons, or in accordance with international treaties of the Republic of Uzbekistan.
Considering that this draft resolution contradicts Article 12 of the Law of the Republic of Uzbekistan "On Competition", the Concept of Administrative Reforms in the Republic of Uzbekistan, approved by the Decree of the President of the Republic of Uzbekistan No. UP-5185 dated 09/08/2017, Resolution of the President of the Republic of Uzbekistan No. PP-3756 dated 31.05.2018 , the adoption of this draft resolution is considered by the Committee as inappropriate.