Ministry of Economy and Finance of the Republic of Uzbekistan

The Law is aimed at ensuring the consistent development of the creative industries, expanding favourable conditions and incentive mechanisms for sector representatives, transforming creative potential into economic value, and strengthening international cooperation.
 

The Law introduces relevant amendments and additions to the Tax Code of the Republic of Uzbekistan, the Law “On Public Procurement”, and the Law “On the Creative Economy”.
 

Tax Incentives for Foreign Contractors
 

The Law supplements Article 483 of the Tax Code with a new provision establishing tax incentives for foreign contractors engaged in projects in the creative industries.
 

Accordingly, from 1 January 2026 to 1 January 2030, foreign contractors engaged in projects implemented by the Fund for the Development of Culture and Arts under the Administration of the President of the Republic of Uzbekistan and by residents of the Creative Industries Park may benefit from tax exemptions.
 

Such foreign contractors are exempt from:
 

value-added tax;
 

corporate income tax withheld at source;
 

personal income tax.
 

These exemptions apply where a foreign contractor is engaged to perform works or provide services directly related to the creative industries.
 

This measure is expected to optimise the costs of attracting international expertise, advanced knowledge, and professional services required for creative projects.
 

Residency Facilitation for Newly Established Creative Industry Entities
 

The amendment introduced to the Law “On the Creative Economy” facilitates the admission of newly established creative industry entities as residents of the Creative Industries Park.
 

Under the general requirement currently in force, in order to qualify as a park resident, income derived from activities in the creative industries must account for at least 80 per cent of the entity’s total annual income.
 

However, when a newly established or newly registered creative industry entity applies for residency in the Creative Industries Park, the minimum income requirement is not taken into account at the initial stage.
 

This approach is intended to prevent newly established enterprises from being excluded from park residency merely because they have not yet completed a full financial year or generated the required level of income during the early stage of their operations.
 

At the same time, this facilitation does not mean that the income requirement has been abolished. Compliance with the relevant conditions will be assessed based on the results of the financial year.
 

If the requirements are not met by the end of the financial year, the amount of incentives used by the entity will be recalculated in accordance with tax legislation and recovered to the State Budget.
 

Therefore, after obtaining park residency, newly established entities are required to regularly monitor the structure of their income, accounting records, and indicators related to their creative activities.
 

The new provisions established by the Law create additional legal conditions for:
 

expanding opportunities to attract foreign specialists and service providers to creative projects;
 

accelerating the organisation of international cultural events;
 

facilitating market entry for new creative businesses;
 

increasing the economic value of creative products and services;
 

strengthening international cultural cooperation;
 

enhancing Uzbekistan’s standing in the international cultural arena.
 

While the incentives and facilitations provided by the Law open up new opportunities for representatives of the creative industries, they also place responsibility on beneficiaries to use such measures for their intended purposes, comply with the established requirements, and maintain transparent accounting.
 

Overall, the Law is intended to contribute to the development of the creative economy, support newly established creative businesses, and create a more favourable legal environment for the implementation of international cultural projects.

PR and Communications Department

Ministry of Economy and Finance