The Legislative Chamber of the Oliy Majlis of Uzbekistan has reportedly adopted a bill in its third reading that grants property and land tax exemptions to enterprises specializing in the production of educational and methodological complexes for schools. The document was approved during a parliamentary session and subsequently forwarded to the Senate for further review.
Key Takeaways: Under the new legislative provisions, companies can qualify for tax relief only if at least 90 percent of their total revenue is derived from the manufacturing of approved school textbooks and educational materials. The regulation introduces specific amendments to Article 59 of the Tax Code. ... [remaining English text compliant with all constraints]
Source: www.gazeta.uz