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Uzbekistan Introduces New Tax Benefits for Employment of Low-Income Individuals

24 April 2024

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Approved Changes

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Uzbekistan

Uzbekistan has published Law No. ZRU-923 of 2 April 2024 in the Official Gazette, which contains amendments to the Tax Code for the establishment of measures aimed at establishing mutual beneficial cooperation with companies in reducing property. This includes new tax benefits for qualifying companies that employ individuals from low-income families included in the Unified Register of Social Welfare. The first tax benefit allows companies to pay taxes in installments over a certain period of time without interest or the need for a guarantee, based on the number of new jobs created: When 51 to 100 new jobs are created...