The abolition of the excise tax on imported cars will reduce the price of imported cars by at least $ 2400 and more.
Photo: Dreamstime
The Presidential Decree "On measures to further regulate foreign economic activity and stimulate the development of the domestic market of motor vehicles" was adopted.
According to the resolution, from August 2020, 1, TIF TN codes will be 8701 (tractors), 8702 (motor vehicles designed to transport 10 or more people), 8703 (cars) and 8704 (motor vehicles designed to transport goods). Excise tax rates on imported vehicles will be abolished.
According to the Autostrada website, the abolition of the excise tax on imported cars will reduce the cost of imported cars by at least $ 2400 and more.
Customs rates for cars manufactured abroad
Rates of customs duties on imports of passenger cars by individuals-residents of Uzbekistan. The duty is calculated as a percentage of the customs value or in US dollars per cubic centimeter of engine volume.
If the car is manufactured in the country where the free trade agreement is signed (Russia, Ukraine, Kazakhstan and other CIS countries), the duty is not charged if the car is certified with ST-1 certificate .
Excise tax on imported cars imported to Uzbekistan
Excise tax rates for cars imported to Uzbekistan by individuals.
Cars manufactured and imported in Russia, Kazakhstan or Ukraine are subject to a preferential excise tax of 2% of the value of the car.
Excise tax rates for new cars with gasoline engines
Excise tax rates for used imported cars
The excise tax is being abolished by a presidential decree. Customs duties remain unchanged.
But that in itself reduces the customs value by at least $ 2400, and even more.
In other words, it will be cheaper to import new and used cars made in Uzbekistan.
It should be noted that according to the category of vehicles defined by the code TN 8703 TIF, passenger cars and other motor vehicles (except for motor vehicles of commodity position 8702), including the Presidential Decree No. PQ-3818 In addition to some of the vehicles listed in the annex, there are vans for freight and passenger transport, as well as racing cars.
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