President signs law providing for exempting Tajik-Belarusian JV from paying VAT and customs duties

Under these amendments, the Tajik-Belarusian joint venture Agrotekhservis (Agritechservice) is exempted from paying the value added tax (VAT) and customs duties during this year.

This close joint-stock company (CJSC), which is located in the Hisor district, is exempted from paying VAT while moving finished commodities and from paying customs duties while delivering spare parts to the country for assembly of the agricultural machines.

CJSC Agrotekhservis was introduced into operation in May last year in the presence of the presidents of both countries.  The enterprise assembles Belarusian agricultural machines. 

Over the first nine months of this year, the enterprise has reportedly assembled 160 agricultural machines, including 92 tractors.  40 agricultural machines, including 16 tractors have been exported to neighboring Uzbekistan.  

Recall, Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament adopted amendments proposed to the law on national budget for 2019 on October 30.  

Speaking at the session, Majlisi Namoyandagon Speaker Shukurjon Zuhurov expressed dissatisfaction with the fact that the enterprise has enjoyed those tax benefits since the beginning of the year while the amendments are being made after ten months.