The Uzbek government is trying to make the country’s capital market more predictable for long-term investors by stretching existing tax incentives well into the next decade, Kursiv Uzbekistan reported.
Foreign companies receiving dividends would continue to benefit from a 5% profit-tax rate, the same preferential rate applied to local companies.
Positive foreign-exchange gains and interest on corporate bonds, including foreign currency bonds, would be exempt from tax until 2038 for both residents and non-residents, both individuals and companies. The exemption would also apply to income from sukuk, an instrument Uzbekistan is preparing to introduce as part...