Tax
Twelve per cent flat personal tax and a broadened VAT base
Personal income tax is a flat 12 per cent. Corporate income tax is 15 per cent for most companies, and the 2019-2020 reforms cut VAT to 12 per cent while broadening the base.
Key rules
- Jurisdiction — State Tax Committee administers. Residence turns on 183 days in a rolling twelve-month period.
- Deadline — Annual individual declaration by 1 April where filing is required
- Deadline — Monthly VAT return by the 20th of the following month
Governing law
- Tax Code of the Republic of Uzbekistan2019
- Law on Introduction of the Tax Code
In practice
The 2019 Tax Code replaced a fragmented system, abolishing several turnover taxes and moving most businesses onto standard VAT and profit tax. The flat 12 per cent personal rate replaced progressive bands. Free economic zone residents receive staged exemptions, and IT Park residents are exempt from most taxes on qualifying revenue. Transfer-pricing and CFC rules were introduced with the new code, and Uzbekistan has joined CRS exchange and expanded its treaty network.