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Taxation in Uzbekistan
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Taxation in Uzbekistan

Corporate Tax

Main rate: 12%

Resident companies are taxed on their worldwide income; non-resident companies are taxed only on income sourced in Uzbekistan. A company is resident if established or registered in Uzbekistan, or if the main enterprise is located in Uzbekistan.

Legal entities may opt to be subject to Unified Income Tax (if the legal entity is treated as a micro- or medium-sized enterprise under Uzbek law) at a rate of 12%. The flat tax rate is linked to revenue. The advantage of unified tax is that the legal entity is not required to pay other taxes such as infrastructure tax, property tax, land tax, VAT, Road Fund, etc.

Individual Tax

Progressive rates to 29%

Residents are taxed on their worldwide income; non-residents are taxed only on income sourced in Uzbekistan. A person permanently residing in Uzbekistan or staying for 183 days in any 12-month period starting or ending in a particular fiscal year is considered a resident for tax purposes in that fiscal year. Individual income tax is charged at progressive rates from 13% to 29%.

Capital Gains

Taxed as income.

Indirect Tax

VAT standard rate: 20%

The 20% standard rate of value-added tax (VAT) applies to most transactions. Exports and certain agricultural inputs such as fertilisers, fuel and lubricants are zero-rated. Exemptions include financial services, public utilities, municipal passenger transport and public education services. Legal entities operating under the unified tax are not required to charge/offset VAT charges.

Tax Administration & Compliance

Tax year: Calendar year

Legal entities must file quarterly and annual tax returns and self-assess the tax due, which must be paid within five days after submitting the return. Employment income is taxed by withholding. Individuals with other sources of income must file a tax return by April 1st following the end of the tax year.

Additional Tax Information

Withholding Taxes
Dividends and Interest 10%, Royalties 20%. The withholding tax rates may be reduced under the provisions of an applicable tax treaty.

Tax Treaties
Uzbekistan has concluded more than 40 tax treaties.

Dividends received by legal entities and individuals from domestic companies are subject to a 15% final withholding tax.

Revenue Protection
There are transfer-pricing provisions but no CFC rules.

There is no provision for group taxation.

Exports; manufacturing in certain regions of the country; certain industry-based incentives; investment amount, etc.

Other Taxes
Customs and excise duties, Ecology tax, Infrastructure tax, Land tax, Property tax, Subsurface use tax, Unified social tax, Water use tax.





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