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Corporate tax

Tax rate for resident companies


Tax rate on long-term capital gains Capital gains are incorporated in the taxable income and thus levied at the same corporate income tax rate.
System governing groups of companies and dividends paid by subsidiaries to their parent companies Dividends and interest: 15%
Tax rate on branches Permanent establishments are also subject to a 10% tax on the repatriation of their profits after deduction of the corporate profits tax.

Income tax

Fiscal year The fiscal year begins on April 1st and ends on March 31st of the next year.
Income tax rate Tax Schedule 2005:
< 5 minimum annual wage
5 - 10 minimum annual wage
> 10 minimum annual wage

Currently, the minimum annual wage is UZS 65,280 (12*UZS5,440)

VAT rates

Standard rates 20%
Reduced rates The reduced rates vary between 10% and 20%.

Other important taxes

Name of tax
Excise duties on some luxuries, tobacco, alcohols etc....  
5% to 94%  
Obligation of transfer of 30% on receipts in currencies  
Taxes on security of tenure of commercial tenant  
Land taxes  
Variable rate  
Tax on vehicles  
Calculated on the basis of the total engine power of every category of vehicle. Margins of adaptation are integrated into the tax calculation to take into account the inflation.  



Professionals and representative organizations
The "Ministry of Finance", Moustakillik street, Tashkent.

Useful links
For further information, please download the ITIC Special Report on the Taxation Systems and Economic Development in Select Countries of Eurasia, June 2002 (PDF file).

Last modified in 2006 - ongoing update
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