Article 118. Distribution of revenues between budgets of the budget system

Proceeds from control revenues are distributed between budgets of the budget system.

The rates of transfers from control revenues between budgets of the budget system are established by the President of the Republic of Uzbekistan or body authorized by him.

Rates of transfers from control revenues to the republican budget of the Republic of Karakalpakstan, regional budgets of regions, city budget of city of Tashkent and budgets of districts and cities are approved, respectively, by the Council of Ministers of the Republic of Karakalpakstan, hokims of regions and city of Tashkent.

Distribution of control revenues between budgets of the budget system is carried out by Ministry of finance of the Republic of Uzbekistan.

Revenues, specified in article 51 of this Code, for which rates of transfers from control revenues have not been established, are subject to crediting in full to the republican budget of the Republic of Uzbekistan, except for the cases provided for in article 52 of this Code.

Council of Ministers of the Republic of Karakalpakstan, hokims of regions and city of Tashkent, upon the proposal of the relevant financial authorities, determine the level of budget to which local taxes are credited in full.

If the legislation does not provide for the distribution of revenue credited to local budgets, then this type of revenue is credited to the republican budget of the Republic of Karakalpakstan, regional budgets of the regions and the city budget of the city of Tashkent.