A "special tax and customs regime" will be implemented in the territory of the Tajik-Russian Industrial Park in Dushanbe, according to the agreement on the park's establishment signed on March 17 by the governments of both countries.
This "special tax and customs regime" includes exemption from land tax, corporate income tax, and a 50% reduction in the value-added tax (VAT) rate.
Additionally, exporters of materials and products used for the implementation of the park project will be exempt from customs duties.
According to the agreement, residents of the industrial park may include legal entities that have signed a lease agreement with a specialized management company for land plots and/or buildings, structures, or their parts located within the park’s territory and are engaged or intend to engage in product manufacturing there.
The industrial park will be established on the premises of the State Unitary Enterprise (SUE) Korgohi Mashinasozi (Machinery Plant), which is positioned as one of Tajikistan’s largest engineering enterprises, specializing in the production of spinning, textile, and trade-technological equipment.
A Russian company, designated in accordance with a separate agreement with the Russian government, will serve as the investor of the project.
The designated Russian company will jointly implement the project with the (SUE Korgohi Mashinasozi.
According to the agreement, the joint venture will be established on a 50/50 ownership basis between the Russian investor and the Tajik state enterprise.
