BYD Denies Claims That Their Car Plant in Uzbekistan Pays Less Tax Than Lavash Producers

Recently, social media and news outlets reported that the tax contributions of the joint venture BYD Uzbekistan Factory for the first five months of 2024 amounted to only 23.9 billion soums. The authors of these posts compared this figure to the tax payments of food service enterprises, claiming that the production of shawarma and lavash in Uzbekistan generates more revenue than the manufacture of electric vehicles. BYD emphasized that this information is inaccurate — the company paid 366.6 billion soums in taxes during this period.

The automaker stated that the conclusions drawn from partially published data by the State Tax Committee are biased and misrepresent the actual situation.

In particular, for the first six months of 2024, the company paid the following taxes to the state budget:

Value-added tax (VAT) — over 332.1 billion soums

Profit tax — about 30.1 billion soums

Personal income tax — 2.2 billion soums

Unified social payment — 2.2 billion soums

The total amount of taxes paid was 366.6 billion soums, which accounts for approximately 21% of the company’s total turnover.

BYD also reminded of its investments in building a state-of-the-art plant and equipping it with cutting-edge technology. Thanks to these efforts, Uzbekistan became the tenth country in the world to produce electric and hybrid vehicles, highlighting the strategic importance of this project for the country.

The article may contain inaccuracies as it is translated by AI. For more details, please refer to the Russian version of the article. If you notice any inaccuracies, you can send corrections via the Telegram bot: Uzvaibik_bot.