investors12On 4 November 2015, the State Tax Committee explained the tax incentives applicable to foreign investment companies involved in various specific areas and activities, including:

  • Radio, electronic and computer equipment
  • Light industry
  • Construction materials
  • Food manufacturing

  • Silk manufacturing
  • Packing materials
  • Chemicals (including petrochemicals)
  • Pharmaceutical and medical equipment
  • The construction of electric power stations for alternative energy sources
  • Industrial processing of poultry and eggs
  • Coal mining
  • Ferro alloys and hardware for industrial processes
  • Mechanical engineering and metal processing
  • Machine tool building
  • Glassmaking
  • Microbiology
  • Toy manufacturing

The foreign investment companies are exempt from corporate income tax, property tax, area development and social infrastructure taxes, the single tax for small and medium-sized enterprises and the road tax for a period of 3 to 7 years, depending on the amount of investment ranging from USD 300,000 to US$1,000,000.

The incentives apply if the following conditions are met:

  • The foreign shareholders must own at least 33% of the capital in the company resident in Uzbekistan
  • The foreign investment must be made in the form of a freely convertible foreign currency or new technological equipment
  • The foreign investors have to make direct private investments which are not guaranteed by the state of Uzbekistan
  • The foreign shareholders have to reinvest at least 50% of their income
  • The company receiving the investments must be located outside of the Tashkent region

Fonte: http://taxinsights.ey.com/