Consumption taxes

Nature of the tax

Value Added Tax (VAT).

Tax rate

20%

Reduced tax rate

Exempt items include technological equipment and certain property. Exports and international transportation services are also exempt.

Other consumption taxes

Customs duties on the export of all types of products or services were abolished since 1st November 1997. Excise tax is imposed on certain types of imported goods.

Corporate taxes

Tax rate

Capital gains taxation

Long term capital gains are taxed as ordinary income.

Main allowable deductions and tax credit

It is possible to reduce the taxable income in the following ways:
- transfer to Charity Funds or Environmental Funds : upto 1% of the taxable income
- expenses towards developmental aid : upto 30% of the taxable income.

It is also possible to obtain fiscal privileges if one is:
- a production company with foreign investments whereby the company is engaged in the production of goods that generate more than 60% of its income
- a company exporting its production with foreign investments for which the export volume should be at least equal to 60% of its production.

Other corporate taxes

The other taxes to which the companies are subjected to are:
- tax on mining
- Property tax
- Land Tax
- Water tax
- Compulsory taxes : intended for the Road Fund, School Development Fund, and Pension Fund; Payroll tax (Unified Social Contribution), social security contributions, stamp duty.

Individual taxes

Tax rate

Allowable deductions and tax credit

Certain categories of individuals are either fully exempt from personal income tax (for example, diplomats) or provided with an additional monthly deduction of four amounts of the statutory minimum monthly wage, including veterans, disabled people, widows/widowers with children, and women with many children, among others.

Special expatriate tax regime

There is no special tax regime for expatriates.

Double taxation treaties

Countries with whom a double taxation treaty have been signed

See the list of countries with whom Uzbekistan has signed a fiscal convention

Withholding taxes

Dividends: 10%, Interest: 10%, Royalties: 20%

Bilateral agreement

Sources of fiscal information

Tax Authorities

State Committee for taxes

Other domestic resources

State Customs Committee of the Republic of Uzbekistan