Uzbek tax benefit for leathergoods
23 June 2003
Uzbek President Islam Karimov issued a decree on June 20 that abolishes all taxes, except VAT, on the production of leathergoods by foreign-invested companies during the period from July 1, 2003 to January 1, 2005, according to UzReport. The intention of the decree is to increase supplies of leathergoods on the domestic market. It is also expected that companies will use their tax savings on re-equipping and modernising their production capacities, and expanding their product ranges.
