DIGESTS Global Law Firm | View firm profile
In 2024, Uzbekistan introduced significant changes to its tax legislation aimed at improving the investment climate. One of the key changes was the reduction of the profit tax rate for IT companies to 5%, which led to a 20% increase in the number of registered IT enterprises, reaching 1,440 organizations.
Additionally, new tax incentives for enterprises engaged in renewable energy attracted $1.8 billion in investments in 2024, a 20% increase compared to the previous year. These measures create favorable conditions for the development of strategic industries and stimulate the inflow of capital into the country’s economy.
The experienced specialists at Digests Global Law Firm provide legal assistance to companies on tax planning and the utilization of new tax incentives. We help clients optimize their tax liabilities and fully leverage the benefits of the changes in tax legislation. Our expertise and deep understanding of legislative developments enable us to offer clients effective and relevant solutions for successful business operations in Uzbekistan.