DUSHANBE, December 5, 2013, Asia-Plus — The Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) today endorsed amendments proposed to the country’s Tax Code.
The amendments provide for a number of benefits to producers of poultry meat, eggs and animal feed as well as exemption of them from paying some types of taxes.
Speaking at the session, Deputy Finance Minister, Ruhullo Hakimov, noted that Murghi Hilol, which is a leading egg factory in Tajikistan, and Nutristar Tajikistan LLC, which is an animal feed producer in Tajikistan, were exempted from paying value added tax (VAT), transport tax and customs duties on the delivery of the technological equipment.
According to him, the tax preferences are provided to the mentioned enterprises for the establishment of enterprises for production of poultry meat, eggs, animal feeds and concentrates.
The annual capacity of Murghu Hilol will be 12,000 tons of chicken meat and 200 million pieces of eggs and Nutristar Tajikistan LLC will produce 142,000 tons of animal feeds and concentrates per year,” Hakimov said, noting that both projects will create 6,000 new jobs.
The cost of the Murghi Hilol project is 32.1 million U.S. dollars and the cost of the Nutristar Tajikistan LLC project is 16.1 million U.S. dollars, the deputy minister added.
We will recall that Nutristar Tajikistan LLC is a recently established subsidiary of Conseils et Compétences en Productions Animales (CCPA). CCPA, headquartered in France, is an agricultural cooperative that has operated since 1966 in the animal feed sector. CCPA`s product range includes premix, concentrate, additives, nutritional specialties, and minerals which are products requiring strong know-how and research and development capacity.
