Monday, 24, June, 2024

Amendments could be made to the Tax Code, announced the Legislative Chamber MP Rasul Kusherbaev. According to him, proposals are being made to be taxed residents of free economic zones on profits depending on the volume of their investments:

  • from 3 million US dollars to 5 million US dollars - for a period of 3 years;
  • from 5 million US dollars to 15 million US dollars - for a period of 5 years;
  • when investing 15 million dollars or more - for 10 years.

Reportedly the draft amendments are in pursuance of the President’s of the Measures to further support residents in special economic zones Decree " and letters from over 100 residents in free economic zones.

The bill was adopted by the deputies in the first reading.

Earlier it was reported that from May 1, the income tax for non-residents in Uzbekistan will be set at 12 percent.

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