Tax benefits for breeding subjects have been extended in Uzbekistan

    Agriculture 26 December 2023 2553

    The Decree of the President of the Republic of Uzbekistan "On additional measures for state support of breeding farms" (PP No. 403 dated 12/25/2023) was adopted.

    According to the Decree, the benefits of income tax (except for interest received from funds placed in commercial banks), property tax, land tax and tax for the use of water resources for the main type of activity of breeding subjects in the form of tax payment at a reduced rate of 50 percent have been extended until January 1, 2025 The rate is subject to the allocation of the saved funds for the development of their core business, the Ministry of Justice reports.