TAJIKISTAN: Tax Code, Chapter 46 ‘Taxation of Hydropower Plants Construction’ (2019 Ed.)

Meta Data
Title in national language: 
Налоговый кодекс Республики Таджикистан, ст. 46 "Налогообложение строительства гидроэлектростанций"
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
2012
Effective Start Year: 
2019
Scope: 
National
Document Type: 
Code
Economic Sector: 
Energy, Power
Energy Types: 
Power, Renewable, Hydropower
Issued by: 
Parliament of the Republic of Tajikistan
Notes: 
Unofficial Source
Source: 
Komron.info (TJ)
Business Portal of Tajikistan and Central Asia (2018 Ed.) (RU)
File: 
Tax Code, Chapter 46 ‘Taxation of Hydropower Plants Construction’ (2019 Ed.) (TJ)
Tax Code, Chapter 46 ‘Taxation of Hydropower Plants Construction’ (2019 Ed.) (RU)
Overall Summary: 
The present Code shall regulate legal relations establishing the principles for the design and functioning of the tax system of the Republic of Tajikistan and the procedure for the establishment, modification, repeal, and collection of taxes; it shall define the legal status of tax authorities, tax police units, taxpayers, tax agents, and other participants in relations regulated by the tax legislation; and it shall establish provisions regarding the identification of objects of taxation, the fulfillment of tax obligations, the maintenance of registry of taxpayers, objects of taxation, and tax accounting records, the filing of charges for tax offenses, and the appeal of actions (inaction) of tax authorities and officials. ---- Given that inadequate access to financial resources and capacity-related constraints are the key barriers to the development of renewable energy in Tajikistan, the Code establishes a favorable tax regime for the construction of hydro plants. Expanding financial incentives is considered a key driver for renewable energy industry. To enable a favorable business environment, the policy introduces a partial tax relief scheme and a tax exemption scheme for hydropower construction companies.
Renewable Energy
RE reductions in taxes: 
Art. 49 of the Tax Code of the Republic of Tajikistan introduces a favorable tax regime for the construction of hydropower plants. Under this article, contractors are exempted from the following types of taxes: value-added tax, corporate profit tax, land tax, property tax, motorcar tax, and minimum income tax. Pursuant to the Customs Code of the Republic of Tajikistan, art. 345, paragraph 7, tax exempt status is provided for imports of goods and services required for the construction of hydropower plants.
Investment
Tax and duty exemptions for energy equipment: 
Art. 49 of the Tax Code of the Republic of Tajikistan introduces a favorable tax regime for the construction of hydropower plants. Under this article, contractors are exempted from the following types of taxes: value-added tax, corporate profit tax, land tax, property tax, motorcar tax, and minimum income tax. Pursuant to the Customs Code of the Republic of Tajikistan, art. 345, paragraph 7, tax exempt status is provided for imports of goods and services required for the construction of hydropower plants.
Investment climate development: 
Art. 49 of the Tax Code of the Republic of Tajikistan introduces a favorable tax regime for the construction of hydropower plants. Under this article, contractors are exempted from the following types of taxes: value-added tax, corporate profit tax, land tax, property tax, motorcar tax, and minimum income tax. Pursuant to the Customs Code of the Republic of Tajikistan, art. 345, paragraph 7, tax exempt status is provided for imports of goods and services required for the construction of hydropower plants.