Tashkent, Uzbekistan (UzDaily.com) — In the first half of 2024, enterprises in Uzbekistan were granted tax and customs benefits amounting to 63.4 trillion soums, according to the Anti-Corruption Agency of Uzbekistan.

The agency’s report noted that state budget revenues for the first six months of 2024 amounted to 121 trillion soums, while the total volume of granted benefits reached 63.4 trillion soums (compared to 127.1 trillion soums in 2023).

Out of 39 trillion soums in tax benefits, 132,000 organizations received the majority as exemptions from value-added tax (VAT), amounting to 32.1 trillion soums.

Small companies, utilizing benefits under 1 billion soums, accounted for 129,460 organizations. Meanwhile, 2,560 organizations received between 1 and 100 billion soums, 36 organizations were granted between 100 billion and 1 trillion soums, and three organizations exceeded 1 trillion soums in benefits.

The figures exclude benefits provided through closed presidential and governmental decrees.

Customs benefits (covering duties, fees, excises, and VAT) amounted to 24.4 trillion soums for 10,454 organizations. Of these, 4.9 trillion soums were allocated for state-level projects, 91.3 billion soums for individuals, and 49.1 billion soums for foreign embassies and diplomatic missions.

Additionally, 4,630 companies received both tax and customs benefits totaling 39.3 trillion soums.

Top 10 Recipients of Tax Benefits (excluding banking and finance):

1. NGMK (Navoi Mining and Metallurgical Company) — 5.43 trillion soums 

2. AGMK (Almalyk Mining and Metallurgical Combine) — 1.28 trillion soums 

3. NBU (National Bank of Uzbekistan) — 1.27 trillion soums 

4. Uzbekistan Airways — 881.4 billion soums 

5. Coinpay (cryptocurrency exchange) — 642.7 billion soums 

6. Navoiyuran — 581.4 billion soums 

7. Uzbekistan Railways — 529.6 billion soums 

8. Asia Trans Gas (Turkmenistan to China gas transit) — 453.7 billion soums 

9. UzAuto Motors — 281.8 billion soums 

10. Uz-Kor Gas Chemical — 224.3 billion soums 

Top 10 Recipients of Customs Benefits:

1. UzGasTrade — 1.07 trillion soums 

2. Hamkorbank — 580.5 billion soums 

3. Central Asian Mining Technologies — 438.6 billion soums 

4. Shamol Zarafshan Energy — 365.7 billion soums 

5. RWS Optimum — 353.6 billion soums 

6. AGMK — 344.3 billion soums 

7. Holos — 314.9 billion soums 

8. Uztelecom — 300.6 billion soums 

9. ACWA Power Dzhankeldy Wind — 277.1 billion soums 

10. BYD Uzbekistan Factory — 274.4 billion soums 

Top Recipients of Both Tax and Customs Benefits (over 100 billion soums):

1. NGMK  — 5.44 trillion soums 

2. AGMK — 1.63 trillion soums 

3. NBU — 1.46 trillion soums 

4. Hamkorbank — 1.23 trillion soums 

5. UzGasTrade — 1.1 trillion soums 

6. Uzbekistan Airways — 1.07 trillion soums 

7. Agrobank — 1.07 trillion soums 

8. UzPSB — 1.07 trillion soums 

9. Kapitalbank — 851.8 billion soums 

10. Ipoteka-Bank — 800.5 billion soums