As per the presidential decree, the state’s stake in 8 joint-stock companies will be sold through the stock exchange. The President signed the Additional Measures to Introduce Effective Mechanisms to Support the Capital Market Decree.
According to the Decree, from April 1, 2022 to December 31, 2024:
- dividends of individuals and non-residents of Uzbekistan received from shares shall be exempt from income tax;
- a 5% income tax rate is applied to dividends on shares of non-resident legal entities;
- income of resident and non-resident individuals and legal entities on corporate bonds shall be exempt from income tax.
A number of joint-stock companies shall be also sold through the stock exchange:
|Joint stock company||Location||State’s stake (%)||Sale type|
|1||UzAuto Motors||Andijan province||100||IPO|
|2||UzAuto Motors Powertrain||Tashkent province||100||IPO|
|6||Uzbekistan Post||Tashkent city||77.6||SPO|
|7||Universal Sugurta||Tashkent city||14.48||SPO|