BAKU, Azerbaijan, Jan.18
By Natavan Rzayeva - Trend:
Uzbekistan has taken additional measures to support its capital market,Trend reports via the Uzbek State Assets Management Agency.
The president of Uzbekistan signed decree on additional measures to introduce effective mechanisms to support the capital market.
As stated in the decree from April 1, 2022 to December 31, 2024:
- income accrued in the form of dividends on shares of individuals (residents and non-residents Uzbekistan) is exempt from tax;
- 5 percent tax rate is applied on income accrued in the form of dividends on shares of legal entities (non-residents of Uzbekistan);
- income in the form of accrued interest on bonds of business entities of individuals and legal entities (residents and non-residents of Uzbekistan) is exempt from personal income tax and corporate income tax.
From April 1, 2022, local issuers are provided with the right to place their shares on foreign stock markets after a preliminary placement on the Uzbek Republican Stock Exchange Toshkent or place them simultaneously on local and foreign stock exchanges.
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