Page 28 - 2022 - annual report

OVERVIEW

OF FINANCIAL RESULTS

UZCE’s financial statements have been prepared in accordance with the legislation of the
Republic of Uzbekistan on accounting and reporting.

Taxes paid by UZCE:

Type of tax Rate

Income tax 15%

Property tax 1,5%

Tax for the use of water resources according to the established norms

Land tax according to the established norms

Tax on dividends 5%

Value added tax 12%

According to Article 209 of Chapter 37 of the Tax Code, the following UZCE
financial services are exempt from value added tax:

CHEC operations with national and foreign currency;

CHEC clearing operations;

CHEC organization of foreign exchange operations with foreign currency;

CHEC cash conversion operations;

CHEC transactions with securities (stocks, bonds and other securities).

According to the results of the reporting year, UZCE has no overdue obligations
(accounts payable and receivables).

In 2022, UZCE continued to implement a policy of strict control over expenses and adhered
to the strategy of increasing commission income by diversifying financial instruments.

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