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Reinvesting savings from application of tax incentives

The requirement to reinvest savings from application of tax incentives can be found in article 377 of Uzbek Tax Code, which states that the incentives provided for foreign investors, who get the incentives under Decree of President No.UP-3594 as of 11.04.2005, which sets the tax incentives (exemption from income tax, property tax, tax on improvement and development of social infrastructure, property tax, mandatory contributions to republican road fund, single tax for small and medium size enterprises) for those who invest in certain type of industries, shall be applicable provided that the savings are then reinvested for further development of the enterprise.


Apart from that, decrees of president that grant tax incentives usually contain the clause whereby those who benefit from such incentives must reinvest...

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