As previously reported by Spot, Shavkat Mirziyoyev signed a decree on December 27 to align benefits for exporters with the norms of the World Trade Organization.
The document cancels or modifies several incentive measures that were previously implemented to support exports. Consequently, profits from the sale of products abroad will be subject to full taxation.
The provision extending the period during which enterprises in the small industrial zones of Tashkent are exempt from profit tax and property tax is abolished. Previously, they received two additional years of benefits when exporting at least 30% of their products.
Import benefits for equipment acquired by silk production organizations are no longer tied to the condition of exporting a specific share of products. They are only required to allocate the released funds for the purchase of additional machinery within 2 years after importing the equipment that qualifies for the benefits.
At a meeting with entrepreneurs on December 20, the president announced that Uzbekistan's accession process to the WTO is entering the "final stage." He emphasized that the state will continue to support businesses and create favorable conditions for their operation.
Earlier, Spot reported that Uzbekistan completed bilateral negotiations for WTO accession with 15 countries in 2024.