(Uzbekistan Tax News Reporter - 18 October 1996)
Enterprises carrying on trading activity are liable to tax on gross income. However, if such trading enterprises are also involved in manufacturing activity and this mixed activity is determined as the main one in their special registration cards, these enterprises should account separately for such types of activity. Taxes are paid by such enterprises in accordance with these types of activity, thus tax on gross income should be paid on trading activity and profits tax should be paid on manufacturing activity.
The letter of the Ministry of Finance and State Tax Committee No. 82 and No. 65 on 16 August 1995
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact David Simpson, Tax Manager, Tashkent office on tel: +750 2225 8600 or e-mail: David_Simpson@ru.coopers.com or enter a text search 'Coopers & Lybrand' and 'Business Monitor'.
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