The tax for subsoil extracting solid minerals is increased

The tax for subsoil extracting solid minerals is increased

The tax for subsoil extracting solid minerals is increased

On 23 July 2018 the President of Uzbekistan passed a Resolution No. PP-3879 and introduced new rates of royalty tax for subsoil users effective immediately as follows:

No.

Metal

New tax rate

Old tax rate

1.

Gold

32%

5%

2.

Silver

32%

8%

3.

Zinc

20%

4%

4.

Copper (refined)

30%

8.1%

Tax Law