In accordance with the proposal of the Ministry of Finance, exporters may be exempted from income tax and single tax.
This privilege applies to the entrepreneurs who export at least 15 percent of their production. Also, only the proceeds from exports are not taxed.
Tax exemption does not apply to raw materials and transportation services.
Foreign exchange earnings should enter the country within 180 days of their export. Otherwise, tax exemptions will not apply.
If an entrepreneur does not have the document of exportation, the amount of the privilege will be calculated as penalty and transferred to the state budget.
It should be emphasized that exporters in Uzbekistan are exempted from a number of taxes, notably the additional income tax.
