DUSHANBE, June 24, 2015, Asia-Plus — One more Chinese company has been exempted from paying taxes in Tajikistan.
The Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) today seconded amendments proposed by the government to the country’s budget for 2015.
Under these amendments, China’s Tebian Electric Apparatus Stock Company Limited (TBEA) will be exempted from paying value added tax (VAT), income tax, highway use tax and customs duties for construction of five schools in various regions of the country and construction of 20 kilometers of roads in the Danghara district.
Speaking at the session, Deputy Finance Minister, Ms. Mehrinamo Jonmahmadova, noted that TBEA would build schools in Dushanbe, Roudaki, Vahdat, Fayzobod and Danghara.
“The company will also spend more than 79 million somoni for construction of 20 kilometers of road in Danghara,” Ms. Jonmahmadova noted.
TBEA is one of the largest electrical manufacturing groups in China and the first floated stock company in Chinese A Shore Market in transmission industry of China after merging the former Hengyang Transformer Works (a large-size stated company founded in 1958 and located in Hunan province, China), and well-known for manufacturing all kinds of high voltage power transmission, transformation and distribution equipments. Under the administration of TBEA, there are 10 large backbone factories, 5 research institutes, 6 business entities and 8 participated enterprises. TBEA products are exported to over 70 countries, including the U.S., Canada and Japan. TBEA is one of the main suppliers of electrical equipment to the world”s largest hydroelectric power station, the Three Gorges. TBEA”s shares are listed on the Shanghai Stock Exchange.
In Tajikistan, the company has implemented a number of projects in the energy sector.
