In Uzbekistan, manufacturers of clothing, footwear, and leather goods will pay profit tax at a rate of 2% and social tax at 1% until 2028. This measure is outlined in a law signed by President Shavkat Mirziyoyev.
The document also simplifies the process for individual entrepreneurs to terminate their activities. From now on, this can be done at the entrepreneur’s own decision, or by a court or registration authority decision.
Additionally, revised tax reports that reduce the amount of income and social taxes as a result of applying tax benefits will be accepted after their legality is verified by tax authorities. Income from bonds issued by mortgage refinancing organizations will be exempt from profit tax until December 31, 2029.
Moreover, from May 1, 2025, to January 1, 2031, "Creative Park" residents will pay income tax and social tax at a 50% reduced rate. They will pay turnover tax regardless of the volume of their revenue.
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