Subsidies to be provided to livestock, poultry and fish farms
Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the President "On additional measures for further state support of livestock industries" was adopted.
According to the resolution, starting from 1 March 2021, business entities using compensations and a guarantee of the State Fund for the Support of Entrepreneurship and making payments on a loan in the direction of livestock, poultry, fish farming and rabbit breeding are allowed to use the Fund’s guarantee for new loans until their debt is fully repaid. on a loan.
Starting from 1 January 2021 to 1 January 2024 for income tax (excluding interest received from funds placed in commercial banks), property tax, land tax and tax for the use of water resources for the main type of activity of the subjects of the breeding business the tax rate is applied at 50 percent.
When business entities import goods into the territory of Uzbekistan, according to the corresponding list, the deadline for payment of the accrued value added tax is extended by 180 days.
From 1 July 2021, subsidies are allocated from the republican budget to livestock, poultry and fish farms that are payers of value added tax.
According to the resolution, a Department for the Development of Poultry and Rabbit Breeding Spheres is created in the structure of the central office of the Uzbekchorvanasl Agency, and the position of the Deputy Director of the Agency for these issues is introduced.
Until 1 April 2021, funds in the amount of 3 billion soums will be allocated from the Government’s reserve fund for the following purposes:
- to equip laboratories with modern equipment for analyzing the structure of feed for livestock, birds, fish;
- diagnostics of bird diseases.