DUSHANBE, November 12, 2014, Asia-Plus — Tajikistan’s lower house (Majlisi Namoyandagon) of parliament today endorsed amendments proposed to the country’s law on the national budget for 2014.
Presenting a bill, Deputy Finance Minister, Ms. Mirinamo Jonmahmadova, noted that the amendments were aimed at supporting domestic entrepreneurship.
The bill, for example, provides for exempting the Qairoqqum carpet factory from paying value added tax (VAT) and customs duties on shipment of equipment from Belgium plant.
“956,500 Euro worth of equipment and technologies will be exempted from paying some 1.5 million somoni in VAT and customs duties,” Jonmahmadova noted.
The bill also provides for exempting a cement plant under construction from paying value added tax (VAT) and customs duties on shipment of equipment.
The construction of a new cement plant with annual capacity of 600,000 tons officially began at the Chormaghzak Pass, Vahdat Township on October 1 and 20 million U.S. dollars worth of equipment and technologies will be exempted from paying 4.6 million U.S. dollars in VAT and customs duties.
“The plant pledges to irrigate 2,000 hectares of lands in Vahdat,” the deputy finance minister noted.
We will recall that a Tajik-Chinese joint venture, TOJCHIN, is building the new cement plant. In the near future, they plan to increase the investment volumes to 50 million U.S. dollars and to raise the plant’s annual capacity to 1.5 million tons. In all, 250 people will be placed in permanent jobs.
