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Finance 05/09/2019 Tax incentives approved to provide citizens with affordable housing in rural areas
Tax incentives approved to provide citizens with affordable housing in rural areas

Tashkent, Uzbekistan (UzDaily.com) -- In accordance with the resolution of the President of the Republic of Uzbekistan from 3 September 2019, amendments and additions were made to some resolutions of the President of the Republic of Uzbekistan.

According to the amendments to clause 16 of the Decree of the President of the Republic of Uzbekistan from 24 November 2018 “On Additional Measures to Expand the Construction of Affordable Residential Buildings in Rural Areas and for Certain Categories of Citizens”, targeted grants allocated on the basis of the Joint Project are not considered the income of JSCB “Qishloq Qurilish Bank” and individuals - recipients of funds, and also are not subject to taxation and other obligatory payments in accordance with Articles 129 and 171 of the Tax Code of the Republic of Uzbekistan.

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