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  • Effectiveness of fiscal stimulus for modernization (2013/04)

Effectiveness of fiscal stimulus for modernization (2013/04)

Effectiveness of fiscal stimulus for modernization (2013/04)

Publication year: 2013

Type: One-pager

Keywords: fiscal stimulus, modernization, Uzbekistan

The Government of Uzbekistan provides a wide range of fiscal (tax and custom duties) incentives for modernization, technical and technological re-equipment of production.

Particularly, companies have been granted with incentives from income tax, property tax, unified tax payment, as well as the import of technological equipment by the special decree of the President of Uzbekistan «On additional measures to stimulate the modernization, technical and technological re-equipment». Under this decree the amount of tax and customs benefits in 2011 amounted 847.9 billion Uzb. soums or 1.1% of GDP.

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