New procedure for monitoring foreign trade operations in Uzbekistan

В Узбекистане приняли ПКМ за №77 “О дополнительных мерах по совершенствованию процедур таможенного администрирования” от 11 февраля 2025 года.

According to the Agreement document, various changes are made to the corresponding Provision, which regulates the procedure for monitoring and controlling operations related to foreign trade. In particular, 26 definitions from the Regulation were abolished to 15. Among them, there are new definitions, such as:
Финансовый агент – банк, либо другая кредитная или коммерческая организация, обладающая правом заключения договоров финансирования под уступку денежного требования;
Факторинг – приобретение или приобретение с последующей перепродажей долговых обязательств хозяйствующих субъектов.

It is noted that now when making copies in the unified electronic information system of foreign trade operations of the act of work performed or services rendered under the relevant contract, all obligations are considered fulfilled. Information about financial agents will also be entered in this electronic system if they are residents of the Republic of Uzbekistan. They will act in the agreement as recipients of foreign exchange earnings under export contracts. If the financial agent is not a resident of the Republic of Uzbekistan, the main responsibility for ensuring the demand for asset repatriation remains with the exporter, and this fact is confirmed on the basis of a contract for the purchase and sale of receivables.

If the financial agents are non-residents, the responsibility for ensuring compliance with the asset repatriation requirement remains with the exporter. At the same time, the requirement to repatriate assets is considered fulfilled when funds are received from a non-resident financial agent on the basis of a purchase and sale agreement for accounts receivable under export contracts.