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flag Uzbekistan Uzbekistan: Business Environment

In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices


Accounting Rules

Tax Year
The fiscal year is the calendar year.
Accounting Standards
National accounting standards (NAS) apply.
Accounting Regulation Bodies
Ministry of Finance of Uzbekistan
Accounting Reports
Financial reports must contain balance sheets, results reports (income statements), fixed assets reports, cash flow reports, capital reports, and supporting notes, calculations and descriptions.
Publication Requirements
Enterprises are not required by law to publish their annual report.
Professional Accountancy Bodies
National Association of accountants and audit professionals
Certification and Auditing
The annual audit of the financial health of a company must be conducted by an independent certified auditor. You can contact an external auditor: Deloitte, Ernst & Young, PricewaterhouseCoopers.
A list of auditing organizations is available on the website ofthe Ministry of Finance.
Accounting News
Einnews Uzbekistan

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Tax Rates

Consumption Taxes

Nature of the Tax
Value Added Tax (VAT) - Налог на добавленную стоимость (Local Name)
Tax Rate
Reduced Tax Rate
Exempt items include technological equipment and certain property. Insurance, most types of financial services, 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. However, Import of certain goods to Uzbekistan is subject to customs duties. Rates vary from 5% to 40%, depending on the type of imported goods.
Excise tax is imposed on certain types of imported goods (cigarettes, jewellery, petrol, alcohol drinks). Rates vary from 5% to 200%, depending on the type of goods imported.

Learn more about Service Providers in Uzbekistan on, the Directory for International Trade Service Providers.

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Corporate Taxes

Company Tax
Capital Gains Taxation
Long term capital gains are taxed as ordinary income.
Main Allowable Deductions and Tax Credits
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.
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Uzbekistan Eastern Europe & Central Asia United States Germany
Number of Payments of Taxes per Year 41.0 28.0 11.0 9.0
Time Taken For Administrative Formalities (Hours) 205.0 260.0 175.0 207.0
Total Share of Taxes (% of Profit) 98.5 40.5 46.7 46.8

Source: Doing Business - Last Available Data.

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Individual Taxes

Tax Rate

Personal income tax Progressive rate from 8% to 22%.
Up to 5 minimum annual wage 8%
Between 5 and 10 minimum annual wage 16%
More than 10 minimum annual wage 22%
Allowable Deductions and Tax Credits
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.

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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%

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Sources of Fiscal Information

Tax Authorities
State Committee for taxes
Other Domestic Resources
State Customs Committee of the Republic of Uzbekistan

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Learn more about Taxes and Accounting in Uzbekistan on, the Directory for International Trade Service Providers.

Intellectual Property

National Organizations
Consult the Uzbek Republican Agency for Copyright. Uzbekistan still observes the convention leading to the establishment of the World Intellectual Property Organization, Paris Convention (industrial property rights) and the Madrid agreement (trademarks) and the Patent Co-operation Treaty (PCT).
The patents office of 1993 and the patents given by the ex-USSR must once again be registered as well as the trademarks (subsequent to the passing of a law by the Uzbekistan Parliament).
Regional Organizations
Uzbekistan is not a member of any of the regional organizations in the domain of Intellectual Property but the Uzbek Republican Agency for Copyright maintains links with the WIPO as well as its Kazakh, Kirghiz and Russian counterparts.


Also see the website of the State Patent Office of the Republic of Uzbekistan.
It may also be useful to consult the following Russian websites:

- The Russian organization for Copyrights.
- Information Portal on Copyrights and Patents in Russia.


National Regulation and International Agreements

Type of property and law Validity International Agreements Signed
Copyrights Law of 26th March 2006. Available in Russian.
During the lifetime of the proprietor and 50 years after his/her death
Law on Trademarks submitted, Services and Designations of Origin of 2001
10 years Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
Industrial Designs.
20 years  
Copyrights Law and related rights on the website of the Uzbek Republican Agency for Copyrights
50 years WIPO Copyright Treaty
Industrial Models
Industrial Designs.

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Legal Framework

Independence of Justice
The Judiciary is not at all independent in Uzbekistan. It is subservient to the President who appoints all judges and can remove them from office at any time.
Equal Treatment of Nationals and Foreigners
The European Commission has often underlined the fact that the absence of a secure judiciary is the main problem for investors. Foreign nationals cannot expect an impartial trail from the country's judicial system.
The Language of Justice
The judicial language used in the country is Uzbek.
Recourse to an Interpreter
Having an interpreter is possible.
Sources of the Law and Legal Similarities
The main source of the law is the constitution of December 1992. Even though the country's legal system is an evolution of Soviet civil law, it lacks transparency. Uzbekistan is a member of CIS (Commonwealth of Independent States). CIS acts as a symbolic organization possessing only coordinating powers related to trade, finance, lawmaking, and security among the member states. 


The Constitution can be consulted online in English on the website of the Uzbek Parliament.

Checking National Laws Online
Website of the official daily newspaper, Narodnoe slovo (which means Voice of the People) gives the laws, the Presidential and governmental decrees (in Russian)
Website of the Uzbek organization Norma Hamkor, specialized in electronic publishing
Website of the Parliament of Uzbekistan

Learn more about Lawyers and Legal in Uzbekistan on, the Directory for International Trade Service Providers.

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National Standards Organizations
Uzstandart- Office of metrology and certification
Integration in the International Standards Network
Uzstandard, the Uzbek agency for standardization, metrology and certification, represents the Republic of Uzbekistan at the following international bodies:
- International Standards Organization (ISO)
- International Organization for Legal Metrology (OILM)
- Euro-Asian Council for Standardization, Metrology and Certification (EASC)
- International Laboratory Accreditation Cooperation (ILAC)

For more information, directly contact

Classification of Standards
Uzbekistan still uses a set of technical norms based on the soviet methods. There are more than 65,000 documents concerning to these norms.
Online Consultation of Standards
Visit the website of Uzstandard.
Certification Organizations
The Center for Inspection and Certification carries out Inspection and certification with 73 other accredited entities.

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Business Practices

General Information
Chamber of Commerce and Industry of Uzbekistan
Uzex, Goods and primary materials Stock Exchange of Uzbekistan
Exchange, Agro-Industrial Stock Exchange of Uzbekistan
Gki, State Committee for public goods
Investuzbekistan, Invest in Uzbekistan
Opening Hours and Days
Public service offices are open from 9h00 to 18h00 from Monday to Friday.
Companies are open from 9h00 to 18h00 or from 8h00 to 17h00 from Monday to Friday
The weekly days off : Saturday and Sunday.
Shops are open every day from 8h00 to 21h00.

Public Holidays

New Years Day 1st January
Military Services Day 14th January
Women's Day 8th March
Navruz 21st March
Victory Day 9th May
Independence Day 1st September
Teacher's Day 1st October
Day of the Uzbek Constitution 8th December

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Last Updates: January 2015