TASHKENT (TCA) — A new foreign trade organization, Uztuqimachilikexport, is being established in Uzbekistan for expansion of exports of Uzbek light-industry products and technological upgrade of domestic textile enterprises, the Jahon information agency reported.
Manufacturers of cotton, mixed and silk fabrics, textile, knitwear products, hats, socks, textile haberdashery and accessories in Uzbekistan are exempt from the income tax and property tax, and small businesses and micro firms are exempted from single tax payment and mandatory contributions to the Republican Road Fund until January 1, 2020. Cancellation of compulsory sales of a part of foreign currency proceeds from exports to authorized …read more
Source: The Times of Central Asia
