President Shavkat Mirziyoyev of Uzbekistan signed a law on July 7 introducing amendments to certain legislative acts aimed at developing the creative economy. According to the document, from January 1, 2026, to January 1, 2030, foreign contractors involved in projects of the Fund for the Development of Culture and Arts under the Presidential Administration and residents of the Creative Industry Park will be exempt from value-added tax, withholding tax on profits, and personal income tax.

These benefits apply only when foreign contractors are engaged to perform work or provide services directly related to the creative industry. Additionally, direct procurement contracts are now permitted for organizing and conducting international and interstate events in the field of culture and arts.

The procedure for obtaining resident status of the Creative Industry Park has been simplified for newly established creative industry entities. Conditions regarding the minimum income from creative industry activities will not be considered during their admission. However, if it is determined at the end of the fiscal year that the established conditions have not been met, the amount of benefits used will be recalculated and collected into the budget.

In June 2024, the president announced the creation of a Creative Industry Park in every region of the country. A separate law on the creative economy was adopted later that year. In February, the head of state approved the establishment of Creative Industry Parks in Tashkent, the Yangi Tashkent area, and Nukus.

The flagship facility will be located on Farobiy Street in Tashkent, on the site of the former city oncology hospital. Approximately 9 hectares of land have been allocated for the project. Another facility will be built near Central Asia University and the Yangi Uzbekistan park. In Nukus, the Istiqlol park will be created on the basis of a reconstructed hangar.

Source: www.gazeta.uz