Tax benefits and preferences given to enterprises of the Republic of
Uzbekistan, including for those with foreign investments:
№
Types of enterprises
Content of benefits
On income (profit) tax
The current rate of profit tax for legal entities is 9 % of taxable base.
1
All
enterprises,
Income in the form of dividends, directed to the authorised
including
enterprises fund (chartered capital) of the legal entity, from which they are
with
foreign obtained, is not subject to taxation.
investments
2
All
enterprises,
The order of income (profit) tax paying for exporting
including
enterprises enterprises is established, depending on the share of exports of
with
foreign own-manufactured goods (works, services) for freely convertible
investments
currency in total volume of sales:
— at exports share of 15—30 % the established rates of income
(profit) tax are decreased by 30 %;
— at exports share of 30 % and more the established rates of
income (profit) tax are decreased in two times.
The stated benefit is not applied to trade-intermediary
enterprises, as well as to production enterprises, exporting goods,
which list is approved by the Decree of the President of the
Republic of Uzbekistan № 1871 dated 10 October 1997.
3
All
enterprises,
The taxable profit of legal entities is decreased by the amount
including
enterprises of:
with
foreign — funds, directed to expansion of main production in the form
investments
new construction, reconstruction of buildings and facilities used
for production needs, as well as to repayment of credits, obtained
for these purpose, minus depreciation, charged within
corresponding tax period, but no more than 30 per cents of
taxable profit;
— funds, directed to modernisation, technical and technological
re-equipment of production, purchase of new technological
equipment, repayment of credits, given for the stated purposes,
reimbursement of the cost of leasing object, minus depreciation,
charged within corresponding tax period. The decrease of taxable
base is performed within three years, starting from the tax period,
in which the above-mentioned expenditures were carried out, and
for technological equipment - from the moment of its
commissioning. If new technological equipment is sold or
transferred free of charge within three years from the moment of
its purchase (import), the above-mentioned benefit is cancelled
with restoration of obligations on profit tax payment for the
entire period of benefit application.
On value added tax
The current rate of value added tax is 20 %.
4
All
enterprises,
From value added tax is exempted the turnover from
including
enterprises realisation of:
with
foreign — services, works on transportation, loading, unloading,
investments
transhipping, forwarding of goods to be exported from the
territory of the Republic of Uzbekistan;
№
Types of enterprises
Content of benefits
— fixed assets, intangible assets and objects of incomplete
construction, transferred as a contribution or share deposit to the
authorised fund (chartered capital).
5
All
enterprises,
From value added tax are exempted the imports of:
including
enterprises — technological (manufacturing) equipment, brought into the
with
foreign territory of the Republic of Uzbekistan according to the list,
investments
approved in accordance with the legislation, as well as
components and spare parts, provided that their supply is
stipulated by conditions of the contract on supplying
technological equipment. If imported technological equipment is
sold or transferred free of charge to exports within three years
from the moment of its import, the above-mentioned benefit is
cancelled with restoration of obligations on value added tax
payment for the entire period of benefit application.
On property tax
The current rate of property tax is 3,5 % of taxable base.
6
All
enterprises,
When calculating property tax for legal entities, the taxable
including
enterprises base is decreased by the value of:
with
foreign — equipment, purchased out of credit, for five years from the
investments
moment of its commissioning, but no longer than the period,
established for credit repayment;
— newly commissioned new technological equipment - for a
five-year term. If new technological equipment is sold or
transferred free of charge within three years from the moment of
its purchase (import), the above-mentioned benefit is cancelled
with restoration of obligations on profit tax payment for the
entire period of benefit application.
Newly established enterprises are exempted from property
tax for legal entities for two years from the moment of state
registration. The stated benefit is not applied to enterprises,
created on the basis of production facilities and fixed assets of
liquidated (reorganised) enterprises, their detached or structural
subdivisions, as well as to legal entities, created under the
enterprises, if they operate on the equipment, rented from such
enterprises.
7
All
enterprises,
For exporting enterprises, which share of exports of ownincluding
enterprises manufactured goods (works, services) for freely convertible
with
foreign currency in total volume of sales:
investments
— at exports share of 15—30 % the established rate of property
tax is decreased by 30 %;
— at exports share of 30 % and more the established rate of
property tax is decreased in two times.
On land tax
8
All
including
enterprises,
From taxation are exempted the lands:
enterprises — allotted for construction of objects, included into Investment
with
investments
foreign Programme of the Republic of Uzbekistan, for the period of
normative construction period.
Other benefits
9
Enterprises of economy
Enterprises of economy branches, specified in the attachment
branches,
attracting to the Decree of the President of the Republic of Uzbekistan
direct private foreign № 3594 dated 11 April 2005 (including production of synthetic
investments
detergents and household chemicals in general), that attract
direct private foreign investments, are exempted since 1 July
2005 from payment, within their principal activity, of income
(profit) tax, property tax, well-being and social infrastructure
development tax, single tax payment for micro-firms and small
enterprises, as well as mandatory payments to Republican Road
Fund.
The above-mentioned tax benefits are applied under the
following conditions:
— allocation of the mentioned enterprises in all cities and rural
settlements of the republic with the exception of Tashkent City
and Tashkent Region;
— placement of private direct foreign investments by foreign
investors without guarantee of the Republic of Uzbekistan;
— share of foreign participants in enterprise's chartered capital
must be no less than 33 per cents;
— placement of foreign investments in the form of freely
convertible currency or new modern technological
(manufacturing) equipment;
— directing of no less than 50 per cents of the income, obtained
as a result of providing the stated benefits within application
period, to reinvestment for the purpose of further development of
the enterprise.
Imports
10
Enterprises with foreign
Enterprises with foreign investments have the right to import
investments
products for own production needs without a licence in
accordance with the legislation of the Republic of Uzbekistan.
Exports
11
Production enterprises
Exempted from obligations to register export contracts for
– exporters with foreign supplying own-manufactured products in the Ministry of Foreign
investments for freely Economic Relations, Investments and Trade (expect for licensed
convertible currency
goods).
12
All enterprises
Have the right to export own products without prepayment
and opening of letter of credit in the presence of guarantees of
authorised banks, servicing buyers, or in the presence of policy
of export contracts insurance from political and commercial
risks.
Customs duties
The current rate of customs duty for imports of soap, surfactants, detergents is 30 % of goods'
customs value.
13
All
exporting
All enterprises, exporting goods, are exempted from customs
enterprises
duties for exports.
14
All
enterprises,
From customs duty is exempted:
including
enterprises — technological (manufacturing) equipment, brought into the
with
foreign territory of the Republic of Uzbekistan according to the list,
investments
approved in accordance with the legislation, as well as
components and spare parts, provided that their supply is
stipulated by conditions of the contract on supplying
technological equipment. If imported technological equipment is
sold or transferred free of charge to exports within three years
from the moment of its import, the above-mentioned benefit is
cancelled with restoration of obligations on customs duty
payment for the entire period of benefit application.
15
Foreign investors
16
Enterprises with foreign
Since 1 January 2008 benefits on exemption of property,
investments
imported into the Republic of Uzbekistan by foreign investors for
own production needs, from customs duties are effective for
enterprises with foreign investments with the share of foreign
investor in the chartered capital of no less than 33 per cents.
From customs duty is exempted:
— property, imported into the Republic of Uzbekistan by foreign
investors and enterprises with foreign investments with the share
of foreign investments in the authorised fund (chartered capital)
of no less than 33 % for own production needs;
— property, imported for personal needs of foreign investors and
citizens of foreign states, being in the Republic of Uzbekistan in
accordance with labour contracts, concluded with foreign
investors;
— goods, imported by foreign legal entities, that have placed
direct investments into the economy of the Republic of
Uzbekistan to the total amount of more than 50 mil. USD, if the
imported goods are their own-manufactured products (with the
exception of consumer goods, imported by legal entities).
Obligatory selling of earnings in foreign currency
17
Enterprises with foreign
Enterprises, specialising in production of consumer goods,
investments
with the share of foreign capital in the authorised fund (chartered
capital) exceeding 50 per cents, are exempted from obligatory
selling of part of currency earnings for a 5-year term from the
moment of registration. Such enterprises are considered
specialising in production of consumer goods, if the share of own
production of these goods is more than 60 per cents of total
volume of earnings from economic activity.
Banking service
18
Enterprises with foreign
Enterprises with foreign investments have the right to have
investments
on-demand deposit accounts in sums (UZS) and foreign currency
in one or several banking institutions at their choice.