In 2013 Tajikistan updated its Tax Code including tax incentives for renewable energy investors. Country allows for limited period of tax holidays on profits, VAT and excise duty exemptions. Based on investment amount, investors are entitled for 2 to 5 years of tax holiday on profits that they make from investments made directly in renewable energy sector. VAT and customs taxes are exempted on hydropower equipment and other projects classified as “high-priority projects”. IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]