Dividends received from shares to be exempt from tax until end of 2024

From April 1, 2022 to December 31, 2024, dividends received by individuals from shares will be exempt from income tax in accordance with the presidential decree. For non-resident legal entities, income tax is applied at the rate of 5%.

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In this regard, the presidential decree PQ-90 “On additional measures to introduce effective mechanisms to support the capital market” of January 17 was adopted, the Ministry of Justice reported.

According to the document, from April 1, 2022 to December 31, 2024, dividends received from shares of individuals who are residents and non-residents of Uzbekistan will be exempt from income tax.

Dividends on shares of non-resident legal entities are subject to 5% income tax.

Income of resident and non-resident individuals and legal entities on corporate bonds is exempt from income tax and income tax.

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