LAW OF THE REPUBLIC OF UZBEKISTAN

of July 12, 2022 No. ZRU-783

About entering of amendments and changes into the Tax code of the Republic of Uzbekistan

Accepted by Legislative house on June 7, 2022

Approved by the Senate on July 8, 2022

This Law establishes provision conditions to participants of special economic zones of tax benefits in the form of exemption of the income tax, and also procedure and terms of data application of privileges.

Article 1. Bring in the Tax code of the Republic of Uzbekistan approved in the new edition by the Law of the Republic of Uzbekistan of December 30, 2019 No. ZRU-599 (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2019, appendix 1 to No. 12; 2020, No. 3, Art. 198, No. 10, Art. 593, No. 11, Art. 652, No. 12, Art. of the Art. 690, 691; 2021, No. 1, Art. 6, No. 4, Art. 294, appendix to No. 4, No. 8, Art. 800, No. 9, Art. 901, No. 10, Art. of the Art. 968, 969, 972, 973, No. 12, Art. 1099; 2022, No. 2, Art. 79, No. 3, Art. of the Art. 215, 216, No. 5, Art. of the Art. 461, 464, 467), following amendments and changes:

1) in Article 473:

add with part two of the following content:

"Participants of special economic zones are exempted from the tax discharge on profit depending on the volume of investment brought by them:

at the rate from 3 million US dollars to 5 million US dollars - for 3 years;

at the rate from 5 million US dollars to 15 million US dollars - for 5 years;

in the amount of 15 million US dollars and above - for 10 years";

second and third to consider parts respectively parts three and the fourth;

in word part three of "part one of this Article" shall be replaced with words "parts one and the second this Article";

2) in Article 474:

add with part two of the following content:

"Effective period of the privileges on the income tax provided by Article part two 473 of this Code is estimated from date of acceptance in operation of production facility (subject to rendering services) in the territory of special economic zone";

second and third to consider parts respectively parts three and the fourth;

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