07.09.2021

Uzbekistan will reduce income tax rate for cement producers from October 1, 2021

Uzbek authorities will decrease income tax rate for cement (clinker) producers from 20% to 15% starting October 1, 2021.

From January 1, 2022 the rate of tax for the use of mineral resources will be halved in the amount of 22,500 soums per one ton of limestone for cement production. In addition, a draft law "On amendments and additions to the Tax Code of the Republic of Uzbekistan" will be submitted to the Cabinet of Ministers within a month.

President of the Republic of Uzbekistan Shavkat Mirziyoyev earlier held an open dialogue with entrepreneurs of the country. About 10 thousand entrepreneurs took part in the event, which was the first meeting in this format.

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