TAXATION OF ENTERPRISES WITH MIXED ACTIVITY
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
IMPORTATION OF CARS / CUSTOMS DUTIES / EXCISE TAX
New rates of customs duties and excise tax are established for importation of cars, depending on the engine volume of imported cars. The rates vary from ECU 1.1 to ECU 3.0 per cc for customs duties and from ECU 2.2 to ECU 2.8 per cc for excise tax.
The Government Decree No. 304 of 3 September 1996
PROCEDURE FOR ASSESSMENT OF PENALTIES / CLARIFICATION
Assessment of excessive tax and subsequent overpayment of tax to the revenue resulting in lowering of the income tax base (technical error in calculation) does not give rise to penalties since it is not considered as causing any financial damage to the State.
Clarification based on Telegram of the State Taxation Committee of 29 July 1994 No. 11/1-30
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'.
