Tashkent, Uzbekistan (UzDaily.com) -- Business entities that are completely exempt from paying property tax and land tax pay 1% of the accrued amount of these taxes. 

This rule applies to benefits granted to them by Article 483 of the Tax Code or decisions of the President or the Cabinet of Ministers, and comes into force after 3 months (from 6 August 2022). 

The amendments have been introduced to ensure the keeping of records of both taxpayers exempted from paying property tax and land tax, and objects exempted from taxation.

According to Article 483 of the Tax Code, the following are exempt from paying property tax and land tax:

until 1 January 2024, newly created business entities carrying out activities defined by the decision of the President as "growth points" for each district and city of the Republic of Karakalpakstan;

until 1 January 2024, newly created business entities in the field of industry, located in the Takhtakupyr, Bozatau and Shumanai regions of the Republic of Karakalpakstan;

until 1 January 2026, newly created business entities specializing in the provision of services and located on the territory of 45 mahallas and auls with difficult conditions in the Republic of Karakalpakstan, according to the list determined by Jokargy Kenes;

until 1 January 2024, newly created, state-registered in Bandikhan, Kyzyryk, Muzrabad, Sherabad regions, mountainous regions and territories with saline land areas of Surkhandarya region and operating in these regions (territories) business entities (excluding clusters);

until 1 November 2022, fish, livestock and poultry farms affected by the emergency in the Sardoba, Akaltyn and Mirzaabad districts of Syrdarya region.