Albany, NY -- (SBWIRE) -- 03/04/2015 -- Synopsis

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

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Executive summary

Uzbekistan has large mineral reserves with key deposits of copper, gold and uranium. The mining industry is Uzbekistan is governed by the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources, as well as the State Committee of the Republic of Uzbekistan for Nature Protection. The country's 'On Subsoil' law is the apex law for its mining industry, stating that minerals are the property of the state, subject to their rational use and protection.

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Scope

The report outlines Uzbekistan's governing bodies, laws, mining licenses, rights and obligations and tax-related information which includes subsoil use tax, excess profit tax, bonus (subscription and commercial exploration), corporate tax, real property tax, withholding tax, depreciation, losses carried forward and value added tax (Vat).

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Reasons to buy

* Gain an overview of Uzbekistan's mining fiscal regime.

Key highlights

* The State Committee of the Republic of Uzbekistan on Geology and Mineral Resources came into force on May 11, 1991; it carries out geological analysis of mineral resources.

* The State Committee of the Republic of Uzbekistan for Nature Protection is responsible for the protection of the environment, as well as the use and reproduction of natural resources.

* The main act regulating the mining industry of uzbekistan is the Law on Subsoil No. 444-II, new edition, dated 13 December 2002 (Subsoil Law).

* The main aim of the law is to regulate the scope of the relationship when processing, using and disposing of subsoil.

Table of Contents

1 Executive Summary

2 The Uzbek Mining Industry – Governing Bodies
2.1 State Committee of the Republic of Uzbekistan on Geology and Mineral Resources
2.2 State Committee of the Republic of Uzbekistan for Nature Protection

3 The Uzbek Mining Industry – Governing Laws
3.1 Law of the Republic of Uzbekistan 'On Subsoil'
3.2 Law of the Republic of Uzbekistan 'On Radiation Safety'
3.3 Law of the Republic of Uzbekistan 'On Concessions'
3.4 Law 'On Product Sharing Agreements'

4 The Uzbek Mining Industry – Mining Licenses
4.1 License for Geological Study
4.2 License to Use Subsoil
4.3 Mining Allotment

5 The Uzbek Mining industry – Rights and Obligations
5.1 Rights
5.2 Obligations

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