On April 29, the President of Uzbekistan, Shavkat Mirziyoyev signed the law “On measures providing the population with certain food products”. The document eliminates VAT on import of vegetable oils, sunflower seed, flaxseed and soybean for the period from May 1 to December 31, 2021.
Moreover, the document imposes the export duties on:
- sunflower seed and cotton seed at 30%m but not less than 0.2 USD/kg;
- sunflower oil at 20%, but not less than 0.2 USD/kg;
- cotton oil at 50%, but not less than 0.5 USD/kg.
Additionally, until the end of 2021, producers will be able to export only 50% of vegetable oil produced with imported sunflower oil or sunflower seed.