LEGAL AND ECONOMIC CONDITIONS FOR GRANTING TAX INCENTIVES TO ENTERPRISES WITH DIRECT PRIVATE FOREIGN INVESTMENT IN THE REPUBLIC OF UZBEKISTAN
Diyora Hamroyeva
Student Department of tax and taxation Tashkent State University of Economics Republic of Uzbekistan
Sevinch Kulmurodova
Student Economics Navoi State University of Mining and Technologies Republic of Uzbekistan
N. A. Artikov
Associate Professor, Department of Taxation Tashkent State University of Economics Republic of Uzbekistan
N. A. Ulugberdiyeva
Senior Lecturer in Physics Department of “Exact Sciences-1” Academic Lyceum of Navoi State University Navoi, Republic of Uzbekistan
G. A. Ulugberdiyeva
Senior Lecturer in Mathematics Department of Exact Sciences-2 Academic Lyceum of Navoi State University of Mining and Technologies Navoi, Republic of Uzbekistan
Keywords: direct private foreign investment, tax incentives, tax stimulation, investment policy, reinvestment, tax liabilities, budget revenues, investment climate.
Abstract
The article examines the legal and economic conditions for granting tax incentives to enterprises attracting direct private foreign investment in the Republic of Uzbekistan. It considers the eligibility criteria for enterprises to qualify for a special tax incentive regime, the relationship between the duration of tax benefits and the amount of invested capital, as well as requirements concerning the structure of investments and the allocation of funds released as a result of tax incentives. The article analyzes the legal consequences of non-compliance with the established requirements and the economic risks associated with granting tax preferences. Based on an examination of regulatory legal acts, proposals are formulated to improve the transparency, targeting, and effectiveness of tax incentives.
References
Presidential Decree No. UP-4434 of 10 April 2012, “On Additional Measures to Stimulate the Attraction of Foreign Direct Investment.” Official database of national legislation, LexUZ.
2. Regulation on the Procedure for Applying Tax Incentives to Enterprises Attracting Direct Private Foreign Investment. Registration No. 2822 of 26 August 2016. Official database of national legislation, LexUZ.
3. Tax Code of the Republic of Uzbekistan. Official database of national legislation, LexUZ. The version in force on the date of submission should be specified in the final document.
4. Legislation on Investment and Investment Activity. Official database of national legislation, LexUZ. When citing specific provisions, the title of the relevant regulatory act and its current version should be specified.
