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Uzbekistan's Mining Fiscal Regime: H1 2016 - Gold, Copper, Silver, Coal and Uranium - Research and Markets

29 March 2016

Research and Markets has announced the addition of the "Uzbekistan's Mining Fiscal Regime: H1 2016" report to their offering.

The Uzbek fiscal regime report outlines the governing bodies, governing laws, licenses, rights and obligations and tax-related information for five commodities, which include gold, copper, silver, coal and uranium.

The fiscal regime report covers Uzbekistan which has consolidated its position in many areas of the world mineral raw materials market. It has large mineral reserves, with key deposits of copper, gold and uranium. Other significant mineral resources include coal, silver, tellurium, selenium, rhenium, tungsten, lead and zinc.

The report outlines the governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes subsoil use tax, excess profit tax, bonus (subscription and commercial exploration), corporate tax, property tax, withholding tax, value added tax (VAT), excise duty and compulsory contributions.

Key Highlights:

- The State Committee of the Republic of Uzbekistan on Geology and Mineral Resources came into force on February 12, 1991, having been established by a declaration of the President of Uzbek Soviet Republic.

- The subsoil law provides a fundamental legal framework governing the exploration and development of all subsoil resources, including minerals.

- The Agreement of product sharing is generally contracted with foreign investors for a specific period, the exclusive rights for exploitation, and the exploration and excavation of the mineral resource according to the terms of the contract.