THE IMPACT OF TAX INCENTIVE INSTRUMENTS ON FOREIGN DIRECT INVESTMENT

This article analyzes the impact of tax incentive instruments on foreign direct investment (FDI) in Uzbekistan within the framework of the 2026 Tax Code. The research examines how fiscal tools such as tax exemptions, reduced rates, and special economic regimes influence investor behavior and investment inflows. Based on legal analysis and statistical data, the findings indicate that tax incentives have contributed significantly to the growth of foreign direct investment, particularly when combined with broader economic reforms and institutional improvements. At the same time, the study highlights the importance of transparency, targeting, and fiscal sustainability in the design of tax incentives.