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Social tax for textile companies in Uzbekistan reduced to 1%

Clusters will simplify the return of debts and write off 377 billion sums of interest to bring textile export to $ 3.3 billion per year.

On September 19, the President signed a decision on the expansion of the export potential of textile and knitted sectors. This was announced by the channel of legal information from the Ministry of Justice.

In 2026, the goal is to increase the production of textiles and knitwear by 9% - up to 146 trillion soums. It is also planned to export textile products to $ 3.3 billion (in 8 months of 2025 it amounted to a little more than $ 1 billion, decreasing by a quarter - Spot).

Farmers will receive a subsidy of 1 million soums for each ton of timely collected and sold raw cotton (including on exchange-offs). If the company grows or buys raw materials at its own expense, it is compensated for 10% of the costs.

Textile clusters will receive relief on loans taken in banks for cotton crop 2022–2023 on the security of property. The entire volume of interest accrued on unpaid interest as of August 1 is written off.

For the speedy payment of loans, clusters are allowed to pay first the main amount of debt, and then interest in equal shares during the year. If the enterprise repays the debt and interest on the schedule, it compensates for 50% percentage payments.

The social tax rate for textile enterprises and clusters from September 1 decreases to 1% for a period of 3 years. Import mixed fabrics, as well as materials for leather and silk -breeding industries, are exempted from customs duties for the same period.

In addition, the opening of kindergartens (more than 200 employees) of kindergartens will be encouraged at textile clusters and large enterprises (more than 200 employees). It will be allocated for the same subsidies as other private preschool institutions.

The head of state announced the write -off of 377 billion soums of interest on the debts of cluster closter at a meeting in August. Then he said that the new debt repayment scheme will allow clusters to save 800 billion of working capital.

Earlier, Spot wrote that Uztestylprom and Unido will conduct a three -day free training for designers and clothing designers in Tashkent.

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