POST Online Media Lite Edition


Uzbekistan grants tax privileges for renewable energy industry

Christian Fernsby |
Uzbek President Shavkat Mirziyoyev has signed a law to grant tax privileges to renewable energy producers and power generation equipment manufacturers, the Uzbek Justice Ministry said.

Article continues below

According to the law, companies that have installed power generation equipment that uses renewable energy will be exempted from income and land taxes for 10 years if the power output is 0.1 megawatt or more.

Also, companies which produce power generation equipment are exempted from all taxes for five years from the date of their state registration.

Individuals who use only renewable energy resources will be exempted from the property and land tax for three years, authorities said.

According to the law, renewable energy resources are defined as solar and wind power, geothermal and hydro power, as well as biomass energy.

What to read next

World Bank approves $150m for modernization of power in Uzbekistan
EC concludes Gibraltar gave around €100m of illegal tax advantages to multinational companies
Secretary Jewell about milestones to spur renewable energy