Introduces tax incentives for renewable energy producers

On 9 September 2022, by the Presidential Decree No. UP-220, Uzbekistan introduced tax incentives for renewable energy producers. It reduced by 50 per cent the corporate income tax and property tax rates for legal entities producing solar installations, wind power plants and small hydroelectric plants for a period of 3 years. The specified incentives will be extended also to new companies engaged in such activities established before September 1, 2025. The decree entered into force on 10 September 2022.

• Type:

  • Treatment and operation (Corporate taxation)
  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific (SDG)
  • Manufacturing (Other manufacturing)

• Sources:

  • Lex.UZ - national database on legislative acts, УКАЗ ПРЕЗИДЕНТА РЕСПУБЛИКИ УЗБЕКИСТАН О ДОПОЛНИТЕЛЬНЫХ МЕРАХ ПО ВНЕДРЕНИЮ ЭНЕРГОСБЕРЕГАЮЩИХ ТЕХНОЛОГИЙ И РАЗВИТИЮ ВОЗОБНОВЛЯЕМЫХ ИСТОЧНИКОВ ЭНЕРГИИ МАЛОЙ МОЩНОСТИ, https://lex.uz/ru/docs/6189043, 09 Sep 2022