Exemptions effective January 1, 2025
Legislation granting a corporate income tax exemption to all taxpayers whose income from publishing and printing activities accounts for at least 90% of their total income at the end of the tax period (except for income in the form of interest), effective from January 1, 2025, until January 1, 2029, was adopted on December 18, 2024.
In addition, the President on November 23, 2024, issued Resolution No. PP-403 extending tax exemptions for private education facilities from January 1, 2025, until January 1, 2030. The exemptions include all types of taxes (excluding social tax) for private pre-school and general secondary educational organizations, customs duties for certain educational imports, and individual income tax and social tax for foreign teachers and specialists.
Sardor Shermatov | sshermatov@kpmg.co.uz