Tax Benefits for Creative Park Residents
Uzbekistan
Presidential Decree PF-61 on "Measures to implement the tasks set during the open dialogue of the President of the Republic of Uzbekistan with youth" has been adopted.
According to the decree, branches of the Creative Industry Park will be established in different regions, along with business schools to train professionals in the creative sector.
From May 1, 2025, to January 1, 2031, the following tax benefits will be introduced for Creative Park residents:
Social tax and personal income tax will be reduced by 50%.
Residents will be classified as turnover tax payers, regardless of their revenue from the sale of goods, services, or works. However, they may voluntarily switch to the general taxation system if they wish.
Additionally, young people who have obtained a national S1-level foreign language certificate or an equivalent internationally recognized certificate within the past two years will be eligible for a three-year interest-free loan, with a six-month grace period, up to 320 times the BHM (base calculation value) to establish specialized language training centers in remote and hard-to-reach areas.
From May 1, 2025, to January 1, 2031, the following tax benefits will be introduced for Creative Park residents:
Social tax and personal income tax will be reduced by 50%.
Residents will be classified as turnover tax payers, regardless of their revenue from the sale of goods, services, or works. However, they may voluntarily switch to the general taxation system if they wish.
Additionally, young people who have obtained a national S1-level foreign language certificate or an equivalent internationally recognized certificate within the past two years will be eligible for a three-year interest-free loan, with a six-month grace period, up to 320 times the BHM (base calculation value) to establish specialized language training centers in remote and hard-to-reach areas.
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