Uzbekistan Grants Tax Exemptions to Miners in Special Zone Until 2035
The government of Uzbekistan has exempted mining operators in the Besqala Mining Valley in Karakalpakstan from activity fees until January 1, 2035, aiming to boost incomes and attract foreign investment.
Residents of the Besqala Mining Valley special mining zone in Uzbekistan’s Karakalpakstan region will be exempt from paying fees on their mining operations until January 1, 2035.
The waiver, announced by the authorities, is intended to enhance market participants' revenue and attract foreign investment.
No further details on the scope of the exemption or other tax obligations were provided.
Source: ForkLog