Article 19. Exclusions from TIFC Tax Incentives

On Tashkent international financial centre (LRU-1158-son) · Date: 13.07.2026 · In force

1. Notwithstanding any other provision of this Constitutional Law or any TIFC Act, tax incentives on the income of TIFC Participants shall not apply to members of a multinational enterprise group consisting of two or more enterprises or divisions located in different countries, with consolidated annual revenues of EUR 750 million or more in at least two of the four fiscal years immediately preceding the relevant fiscal year (an “MNE Group”). Such MNE Group shall be subject to the Qualified Domestic Minimum Top-up Tax (QDMTT).

2. A TIFC Participant that is a member of an MNE Group and operates through the TIFC shall be liable to the QDMTT at a rate equal to the standard corporate income tax rate applicable to legal entities under the legislation of the Republic of Uzbekistan in force at the relevant time.

3. The manner of assessment, collection, and administration of the QDMTT as applied to such MNE Group shall be stipulated in a TIFC Board Act adopted in collaboration with the Ministry of Economy and Finance of the Republic of Uzbekistan.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/8325847

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Cite as: Article 19. Exclusions from TIFC Tax Incentives On Tashkent international financial centre (LRU-1158-son). neolex.uz/en/laws/law-8325838/19 (lex.uz/docs/8325847)