Uzbekistan Provides New Tax Incentives for Special Economic Zones

The State Tax Committee of Uzbekistan has issued a release on new incentives for participants in special economic zones (SEZs). This includes an exemption for corporate tax for a certain period depending on the size of the investment:

• Investments from USD 3 million to 5 million - exemption for a period of 3 years;
• Investments from USD 5 million to 15 million US dollars - exemption for a period of 5 years; and
• Investments of USD 15 million US dollars and more - exemption for a period of 10 y…