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TRADE-IN program to be implemented in Uzbekistan

Botschaft Usbekistan, July 22, 2019

Uzbekistan plans to introduce the TRADE-IN program, giving customers the opportunity to purchase a new domestic vehicle by transferring to an official dealership organization of their own used vehicle and paying the difference in their cost, from 1 October 2019.

The President of Uzbekistan signed a resolution “On additional measures to accelerate the development of the automotive industry of the Republic of Uzbekistan”.

The President of Uzbekistan agreed with the proposal of the Ministry of Economy and Industry of the Republic of Uzbekistan and Uzavtosanoat to implement the TRADE-IN program from 1 October 2019, which provides buyers with the opportunity to purchase a new vehicle of domestic production by transferring to an official dealer organization implementing new vehicles of domestic production, own used motor vehicle and additional payment of the difference in their value.

When an authorized dealer sells used motor vehicles of individuals, the tax base for calculating the value-added tax is defined as the positive difference between the selling price and the book value of the retiring facilities, which includes the amount of value-added tax.

Following are not subject to mandatory notarization of the contract for the sale of official dealers:

used vehicles with the introduction of the procedure for issuing certificates to the buyer of the established sample;

new vehicles purchased from official dealers of domestic manufacturers;

The official dealer organization does not pay a fee for the purchase of used vehicles when they are registered with the bodies of the Ministry of Internal Affairs of the Republic of Uzbekistan.

The Ministry of Internal Affairs of the Republic of Uzbekistan, in accordance with the established procedure, has been instructed to provide official dealers of domestic manufacturers of vehicles with forms of reference accounts of appropriate security for the sale of used vehicles purchased under the TRADE-IN program.

Source: UzDaily.com


Original-Inhalt von Botschaft Usbekistan und übermittelt von Botschaft Usbekistan