Uzbekistan is introducing a broad package of tax incentives aimed at supporting high-tech manufacturing and several other sectors of the economy. The corresponding law was signed by President Shavkat Mirziyoyev on December 25, 2025.
Under the new legislation, the corporate income tax rate on profits derived from the sale of products manufactured using high technologies has been reduced to zero. In addition, the average annual residual value of equipment used in the production of such goods will be excluded from the property tax base.
The list of high-tech manufacturers eligible for these tax benefits will be approved by the president. The incentives will remain in effect for three years from the date a production facility is commissioned.
A zero turnover tax rate has also been introduced for freight forwarding services related to international transportation. These services include the acceptance, delivery, and storage of cargo, organization of cargo insurance, customs clearance of goods and vehicles, tracking undelivered cargo, and storage of goods at freight forwarders’ warehouses.
Additional tax incentives apply to several industries. Until January 1, 2028, garment and knitwear manufacturers, footwear producers, and leather enterprises will be subject to a reduced corporate income tax rate of 2% and a social tax rate of 1%. To qualify, companies must generate at least 70% of their revenue from core activities or contract-based raw material processing, while the minimum employee salary must be set at no less than twice the minimum wage, or UZS 2.542 million.
Legal entities operating as residents of the Creative Park will benefit from personal income tax and social tax rates that are two times lower than standard rates until the beginning of 2031. However, these entities will be required to pay turnover tax regardless of their income levels.
Income earned by legal entities from bonds issued by mortgage refinancing organizations and their authorized affiliates will be exempt from corporate income tax until 2030. This exemption applies to all interest income accrued throughout the entire circulation period of the securities.
The law also extends the validity of social tax incentives for employees under the age of 30 in sectors such as hospitality, public catering, retail trade, transportation, auto repair, veterinary services, and agricultural services until the beginning of 2028. The preferential rate applies if the employee’s salary is at least 2.5 times the minimum wage, or UZS 3,177,500.
In addition, land used by state pasture farms is exempt from land tax. Social tax and personal income tax rates for employees of cooperatives engaged in the collection and processing of medicinal herbs have also been reduced to 1%.
Source: https://kun.uz/en/64579858