Viktoriya Sleta
VAT exemption is granted for the sale and import of goods (services) purchased as part of projects, the implementation of which is fully or partially financed by public external debt raised and attracted from international financial institutions (IFIs) and foreign governmental financial organizations (FGFOs) for the development of social sphere and infrastructure:
budgetary organizations;
state-owned enterprises;
legal entities with the state share in the authorized fund (authorized capital) in the amount of 50% and more.
The privilege cannot be applied in case if the funds of IFIs and FGFOs for realization of infrastructure projects are refinanced or re-loaned through commercial banks of the Republic of Uzbekistan.
It is important to note that the benefit applies to relations arising from November 16, 2023, despite the fact that the Tax Code introduces the benefit from January 1, 2024.
The benefit is valid until January 1, 2028.