At IT Park Uzbekistan, a target export indicator is being established for large residents.
Author - Mansur Ismagulov
The Tech AI
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Starting October 1, major residents of IT Park with revenue exceeding 100 billion sum are required to allocate at least 10% of their revenue to exports. By January 1, 2026, this indicator will increase to 20%, and by January 1, 2027, it will reach 35%. Failure to comply with these requirements will result in an additional 1% increase in transfers. To maintain tax benefits until 2040, there must be a gradual increase in export volumes.
One of the most significant achievements of the new era in Uzbekistan has been the introduction of free currency convertibility. Export revenues play a key role in strengthening this achievement and providing additional income for young people.
Starting from October 1 this year, large resident companies of IT Park with annual revenues exceeding 100 billion sum must receive at least 10% of their income from exports. From January 1, 2026, this figure must be at least 20%, and from January 1, 2027, at least 35%. These measures will allow companies to enjoy benefits and create additional high-paying jobs. In case of non-compliance with these requirements, transfers of large residents will increase by 1% to support the export initiatives of smaller companies.
At the end of last year, an agreement was reached to extend benefits for companies where exports account for at least 50%, even after 2028. To maintain these conditions until 2040, it is necessary to gradually increase export volumes through joint efforts.
Source: Sherzod Shermatov
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