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Uzbekistan Provides Tax Reduction Incentive to Renewable Energy Plant Production — Orbitax Tax News & Alerts

Uzbekistan has published Decree No. UP-220 of 9 September 2022 on additional measures to introduce energy-saving technologies and develop renewable energy sources. While most of the decree concerns measures to promote the adoption of renewable energy by individuals and new constructions, it also includes a tax incentive for certain legal entities. The incentive includes a 50% reduction in corporate income tax and property tax for legal entities whose main activity is the production of solar and wind power plants and small hydropower plants for the first three years following their state registration as a business entity, including new legal entities registered before 1 September 2025.