Uzbekistan: Tax incentives for textile industry, residents of creative parks
Tax incentives introduced under Law No. ЗРУ-1104
Law No. ЗРУ-1104 introduced the following tax incentives for the textile industry and for residents of creative parks:
- Manufacturers of clothing, footwear, leather goods are subject to reduced corporate income tax of 2% and social tax of 1%, retroactively from January 1, 2025, until January 1, 2028.
- Individual income and social tax rates are reduced by 50% for creative park residents, effective May 1, 2025, until January 1, 2031. Residents are deemed to be payers of the turnover tax.
For more information, contact a KPMG tax professional in Uzbekistan:
Sardor Shermatov | sshermatov@kpmg.co.uz