Navoi Mining and Metallurgical Company (NMMC), a cornerstone of Uzbekistan’s mining industry known for its significant contributions to gold and uranium production, remains as the country's biggest tax for 2024, contributing a staggering UZS 11.425 trillion ($903 mn). In the private sector, UZBAT, a prominent player in the tobacco industry, stands out as the largest taxpayer, with a contribution of UZS 1.348 trillion ($107 mn). The country’s top 20 Tax Payers were announced July 13 with reports showing that, the combined total tax contributions for the top 10 state-owned enterprises (SOEs) and the top 10 private sector companies in Uzbekistan for 2024 amounts to UZS 29.739 trillion ($2,349.5mn).
State-Owned Enterprises (SOEs)
1. Navoi Mining and Metallurgical Combinat JSC - UZS 11.425 trillion ($903 mn)
2. Almalyk Mining and Metallurgical Combinat JSC - UZS 3.949 trillion ($312 mn)
3. UzGAStraDE JSC - UZS 2.149 trillion ($170 mn)
4. Hududgaztaminot JSC - UZS 2.017 trillion ($159 mn)
5. Uzbekneftegaz JSC - UZS 1.766 trillion ($140 mn)
6. Navoiuran DK - UZS 1.441 trillion ($114 mn)
7. UzAuto Motors JSC - UZS 984 bn ($78 mn)
8. Uzbek National Bank JSC - UZS 746 bn ($59 mn)
9. Uzbektelecom JSC - UZS 638 bn ($50 mn)
10. Uztransgaz JSC - UZS 600 bn ($47 mn)
Total for Top 10 SOEs: UZS 25.714 trillion ($2.032 bn)
The SOEs, led by Navoi Mining and Metallurgical Combinat with UZS 11.425 trillion ($903mn) and followed by Almalyk Mining and Metallurgical Combinat with UZS 3.949 trillion ($312mn) and UzGAStraDE with UZS 2.149 trillion ($170mn), dominate with a total of UZS 25.714 trillion ($2,032mn).
Private Sector Companies
1. UZBAT JSC JV - UZS 1.348 trillion ($107 mn)
2. Enter Engineering LTD - UZS 542 bn ($43 mn)
3. Tashkent Tobacco LLC - UZS 434 bn ($34 mn)
4. Kapitalbank ATB - UZS 339 bn ($27 mn)
5. Unitel LLC JV - UZS 292 bn ($23 mn)
6. GID License Plate LLC FC - UZS 268 bn ($21 mn)
7. Hamkorbank ATB - UZS 238 bn ($19 mn)
8. ADM Jizzakh LLC - UZS 200 bn ($16 mn)
9. ERIELL GMH DM - UZS 191 bn ($15 mn)
10. Epsilon Development Company LLC FC - UZS 175 bn ($14 mn)
Total for Top 10 Private Sector Companies: UZS 4.025 trillion ($318 mn)
Meanwhile, the private sector, headed by UZBAT with UZS 1.348 trillion ($107mn), Enter Engineering with UZS 542bn ($43mn), and Tashkent Tobacco with UZS 434bn ($34mn), adds a noteworthy UZS 4.025 trillion ($318mn).
Comparison with Q1 2024 Tax Payments
Comparing the tax contributions of the first half of 2024 with those of 1Q24 reveals some noteworthy trends. In Q1 2024, Uzbekistan's top 10 state-owned enterprises (SOEs) paid approximately $1.3 bn in taxes, with NMMC leading at $606 mn. The latest data shows that NMMC has almost doubled its contribution, which is expected. In contrast, the private sector's top taxpayer, UZBAT, contributed $107 mn in H1 2024, slightly higher than its Q1 2024 payment of $66 mn, indicating steady growth.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)