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Uzbekistan's Revenue Exceeds USD5.5bn In H1 2013

by Lorys Charalambous, Tax-News.com Cyprus

21 August 2013


Uzbekistan's State Budget received UZS12.24 trillion (USD5.8bn) of revenue in the first half of 2013, the Finance Ministry reported.

The Uzbek parliament said earlier that the State Budget is expected to collect UZS25.1 trillion of revenue this year. The January-June collection amounts to 48.8 percent of the projected figure for the whole year.

From January to June Uzbekistan received UZS3.21 trillion from direct taxes (taxes from revenues of legal entities, income tax, fixed tax on business activities, and improvement tax). Meanwhile, revenue from indirect taxes (VAT, excise tax and customs duties, and tax on gasoline consumption) reached UZS6.13 trillion. Resource payments and property taxes (land tax, tax on use of natural resources and water resources) provided UZS1.81 trillion. Revenue from other sources amounted to UZS1.17 trillion.

The government's expenditures in the period totaled UZS12.17 trillion.

TAGS: Finance | tax | business | property tax | Uzbekistan

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