On 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/