Approvals and amendments to the Tax Code of Uzbekistan were approved.
Owners of houses that have completely switched to alternative energy will receive tax benefits. This is provided by the Law of April 18 “On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan” (Article 52), which introduces changes and additions to the Tax Code.
The document introduces changes and additions to articles 275 and 290 of the Tax Code, according to which owners of houses using alternative energy sources in residential premises with complete disconnection from existing energy networks are exempted from taxation on property of individuals and land tax from individuals for a period of three year starting from the month in which the sources of alternative energy are installed.
In order to receive these benefits it is necessary to provide a certificate issued by the power supply organization.
Tax incentives will be effective from April 19.