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Uzbekistan Approves Tax Incentives for Renewable Energy

|Approved Changes|Uzbekistan
Uzbekistan

On 3 May 2019, the Uzbekistan Senate announced its approval of the Law on the Use of Renewable Energy Sources, including solar, wind, geothermal, hydro, and biomass. The Law includes incentives for renewable energy producers in the form of a 10-year property tax exemption for renewable energy installations and a VAT exemption on energy sold to the joint-stock company UzbekHydroEnergo (a government-established energy company). A five-year exemption from all taxes is also provided for manufact…

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