INVESTMENT AND INCENTIVESWhich incentives may fit your project
Eligibility depends on the activity, form of investment, timing and company status. Review these mechanisms before registering a company, acquiring assets or importing equipment.
Legal basis: Tajikistan Tax Code, including amendments of 17 June 2026. The conditions in Articles 189, 201, 251 and 363–365 were checked on 28 September 2026. Eligibility and subsequent amendments must be checked as at the date of the particular transaction.
01 / CORPORATE INCOME TAXIncome tax exemption for a new manufacturing enterprise
Article 189 provides an exemption for a new enterprise’s income from the supply of goods it manufactures. Founders must contribute the required investment to its charter capital within 12 calendar months of initial state registration. The exemption period starts in the month production begins.
Charter capital contribution and exemption period| Investment amount, US dollars | Period |
|---|
| Over 200,000 up to and including 500,000 | 2 years |
| Over 500,000 up to and including 2,000,000 | 3 years |
| Over 2,000,000 up to and including 5,000,000 | 4 years |
| Over 5,000,000 | 5 years |
Exactly US$200,000 does not meet the minimum threshold. Total project cost, a loan and a charter capital contribution are not interchangeable measures.
Restrictions to consider
The exemption does not apply to re-registration, reorganisation, changes of legal form, mergers or the leasing of existing production facilities in the cases specified by the article. Mining and oil and gas operations are excluded. Losses incurred during the exemption period cannot be carried forward after it ends. This income exemption does not itself remove VAT, social tax or other obligations.
Tax Code, Art. 189(2)(6), (3)–(5) ↗
02 / FIXED ASSETSAdditional investment deduction: 10% or 5%
The deduction reduces taxable income in the relevant reporting period. It is neither a payment to the investor nor a reduction in the tax rate by 10 or 5 percentage points.
10%
Among the eligible categories are new production equipment, devices and mechanisms no more than three years old from manufacture; modernisation and technical re-equipment; and domestic software within information-system investment projects. Article 201 definitions and conditions apply.
5%
For qualifying reconstruction of production buildings and structures and expansion through new buildings and structures under Article 201. The specified category of reconstruction of existing production buildings requires renovation of more than 50% of the area.
Example: qualifying documented expenditure of TJS 1,000,000 gives a 10% deduction of TJS 100,000 from taxable income. The tax saving is calculated separately using the applicable tax rate and tax base.
The deduction is linked to commissioning, modernisation or another specified event in the reporting period. The article applies to investments made after 31 December 2021.
Tax Code, Art. 201 ↗
03 / EQUIPMENT IMPORTSVAT exemption for qualifying imports
Article 251 provides an exemption for imports of production and technological equipment and components, including under finance leases, to establish or increase charter capital or re-equip existing production.
- Equipment must be used directly to produce goods, perform work or provide services in accordance with the constitutional documents.
- The goods must not be excisable. Records must substantiate their purpose and the shipment contents.
- Liquidation, non-use within two years of import or transfer to another person can trigger recovery of exempted VAT. The provision contains an exception for finance leases.
VAT exemption does not automatically waive customs duties or fees. Before shipment, check the commodity classification, purpose, customs procedure and separate legal grounds for customs relief.
Tax Code, Art. 251 — import exemptions ↗
04 / FREE ECONOMIC ZONESRelief depends on FEZ status and activities within the zone
The regime requires FEZ entity status, the relevant certificate, tax registration and activities permitted in the zone. The entity must not have separate subdivisions outside the FEZ. Locating an office near a zone does not establish eligibility.
Taxes
Activities and property used within the FEZ are exempt from Tax Code taxes within the statutory scope. Social tax and tax-agent duties on payments of income remain. Accounting and reporting obligations continue.
Movement of goods
Import relief operates under the free customs zone procedure and customs controls. Customs payments apply when goods move from the FEZ into the rest of Tajikistan’s customs territory.
Tax Code, Arts. 363–365 ↗
