Published April 2018
Improvement of oil-gas sphere taxation within transition to oil production stimulating approach
Sh.I. SafarovOil-gas sector is the essential for Uzbekistan Republic economy. It contributes significantly to the formation of Gross Domestic Product, state budget income and country’s external turnover. In this view, the development of efficient taxation system of oil-gas sector is extremely important. This system, from one hand, should fulfill a function - provide the state with natural resource rent, generated in hydrocarbon raw production, as well as other taxes, and from the other one stimulating - correspond to the demand of long-term development, maintain enough impetus for investments in researched field. The definition of balance between tax exemptions and investment demand in oil-gas production industry, creating favorable conditions for investments require further improvement of taxation system.
