As previously reported by Spot, on January 22, Shavkat Mirziyoyev signed a decree aimed at the development of the electrical engineering industry in Uzbekistan.
The document establishes additional tax benefits for enterprises that have launched the production of high-tech electronics. This includes:
- microprocessor modules for identification (RFID);
- mobile phones, tablets, and their components;
- computers, laptops, and their components;
- printers, scanners, and copiers;
- electronic storage devices (memory devices);
- automatic deposit machines (ADM);
- components for electronic devices (semiconductors, microchips, chips, cells for solar panels
etc. ); - medical equipment (MRI, X-ray machines
etc. ); - robotics, unmanned aerial vehicles;
- high value-added copper products (foil, printed circuit boards, charging devices for electric transport);
- technological machines, components, and spare parts for them;
- molds for machines;
- batteries and inverters for electric vehicles, solar and wind power plants.
Income generated from the production of the specified types of products will be exempt from profit tax for 3 years after production begins. Additionally, such enterprises will not pay taxes for the land occupied by industrial facilities.
The Ministry of Economy and Finance, together with the Tax Committee, has been tasked with developing a draft amendment to the Tax Code that will formalize the specified benefits. The goal is to submit it to the Cabinet within 2 months.
Furthermore, the president has instructed to reserve quotas at international logistics companies at affordable prices for the supply of materials used in electrical engineering production. This includes 3,750 containers, mainly from China.
Earlier, Spot reported that companies in small industrial zones will no longer have their export product benefits extended.