Tax Incentives: Key Notes by Industry
2026-09-09 09:50:00 / News
Important notes on tax incentives for businesses operating in the light industry sector
Leather, footwear and fur industries
Until January 1, 2029, enterprises operating in the leather, footwear and fur industries, as well as organizations engaged in livestock slaughter and leather processing, are exempt from the following taxes:
- Corporate income tax (incentive code — 104079);
- Property tax (incentive code — 104081);
- Land tax (incentive code — 104082);
- Turnover tax (incentive code — 104080).
Legal basis: Presidential Decree No. PF-4 dated January 12, 2026.
Silk production and silk industry
Until January 1, 2029, cocoon producers are exempt from the following taxes:
- Personal income tax (incentive code — 104203);
- Persons making wage payments to cocoon producers are exempt from social tax (incentive code — 104204).
Legal basis: Presidential Resolution No. PQ-370 dated December 9, 2025.
In addition, from January 1, 2026, to January 1, 2029:
- Silkworm farming clusters are exempt from property tax (incentive code — 104529) and land tax (incentive code — 104530);
- The corporate income tax rate for silk industry enterprises is set at 2% (incentive code — 104531);
- The social tax rate is set at 1% for enterprises that have introduced the production of silk fabrics and finished silk products (incentive code — 104532).
Legal basis: Presidential Resolution No. PQ-87 dated March 6, 2026.
To benefit from these tax incentives, business entities must submit an application through the taxpayer’s personal account.
Take full advantage of the incentives and opportunities created for entrepreneurs in the light industry sector!