A long lasting construction of a 5-star “Ismoili Somoni” Hotel in Dushanbe has been exempted from paying taxes for the umpteenth time. The hotel is being constructed by the Ismoili Somoni – 21st Century Company, which is headed by president’s brother-in-law.
The Majlisi Namoyandagon (Tajikistan’s lower house of parliament) yesterday endorsed the bill on Tajikistan’s national budget for 2018.
Under this bill, the company constructing the “Ismoili Somoni” Hotel is exempted from paying value added tax (VAT) and customs duties again.
The Ismoili Somoni – 21st Century Company is headed by Rahmatullo Sadulloyev, the brother of the Orienbonk head Hasan Asadullozoda and brother-in-law (wife’s brother) of President Emomali Rahmon.
The Ismoili Somoni Hotel is having been constructed in Dushanbe for already eleven years.
The construction of the “Ismoili Somoni” Hotel officially commenced in Dushanbe on March 15, 2006.
Tajik President Emomali Rahmon telling a groundbreaking ceremony for the hotel noted that it would be constructed with participation of the Tajik Closed Joint-Stock Company “Ismoili Somoni — 21st Century” and the internationally known Turkish company “Kaynak Holding”. Rahmon expressed confidence that the “Ismoili Somoni” Hotel would be finished in accordance with schedule in one and a half years.
The “Kaynak Holding” top manager Mustafa Ozjan telling the hotel groundbreaking ceremony noted that the “Ismoili Somoni” Hotel would be a kind of the gate of Tajikistan through which foreign investments would flow into Tajikistan.
In 2006, the budget for construction of the hotel was estimated at some 37 million somoni.
