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NEWS AND EVENTS
February 24, 2014
Privileges and Preferences for foreign direct investments in Navoi FIEZ
It is necesssary to note that residents of FIEZ «Navoi» are exempted from land tax, property tax, profit tax of legal entities, social infrastructure development tax, unified tax payment for micro firms and small enterprises, compulsory contributions to the Republican Road Fund and off-budget Republican School Fund. (More detailed information www.fiez.uz)

The privileges are available depending on the volume of foreign direct investments:

- from 3 to 10 million Euro - for 7 years;

- from 10 to 30 million Euro - for 10 years. For the following 5 years rates of profit tax of legal entities and unified tax payment for micro firms and small enterprises are fixed at the level of 50 percent of current rates;

- more than 30 million Euros - for 15 years. For the following 10 years rates of profit tax of legal entities and unified tax payment for micro firms and small enterprises are fixed at the level of 50 percent of current rates.

For this purpose investments of legal entities and natural persons made without guarantee of the Republic of Uzbekistan are considered as “foreign investments”.

In case of increase by a FIEZ «Navoi» resident of the volume of direct investments to the level coming under the privileges, the privileges are applied from the month when the right to application of the privileges on the volume of investments has appeared, and are valid during the remaining period till the end of the term of validity of the privileges.

In case of increase of the volume of direct investments to the level coming under the term, exceeding the term granted earlier, the privileges are applied from the month when the right to application of the privileges on the preceding volume of investments has appeared, that is the term of privileges is prolonged taking into account the term of validity of the previously valid privileges.

(Source: mfer.uz)


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