Corporate Profit Tax in Uzbekistan 2026: 15% rate, deadlines
Profit tax in Uzbekistan 2026: the base 15% rate, higher and lower rates, 10% withholding on non-resident dividends, advance payments and filing deadlines.
Last updated 2026-06-15
Yaroslav Kolesov
Partner, Accounting & Tax practice
DipIFR, CPA Uz, ACCA Affiliate · chief accountant, 15+ years in international companies
Last updated 2026-06-15 · 10 min read · ✓ Facts verified against primary sources (lex.uz, soliq.uz)
The base corporate profit tax rate in Uzbekistan in 2026 is 15% (certain categories such as banks pay 20%, and dividends to non-residents are taxed at 10% at source). The tax is paid on profit (income minus deductible expenses), not on turnover. In 2026 several things changed: new rules for non-resident dividends, a higher advance-payment threshold and an exemption for first-time payers. Let's break down who pays, at what rates, how advances are calculated and which deadlines you must not miss.
Who pays profit tax in Uzbekistan?
Profit tax (corporate income tax) is a direct tax on the financial result of a business: income minus deductible expenses. Unlike VAT, which is passed through the price to the buyer, profit tax is paid out of the company's own result. That is why correctly substantiating expenses and not losing deductions is critical here.
Profit tax is paid by:
Resident legal entities
Uzbek companies on the general regime pay on profit earned both domestically and abroad.
Permanent establishments
Permanent establishments of non-residents in Uzbekistan pay tax on profit attributable to their activity in the country.
Non-residents at source
Non-residents without a permanent establishment pay tax withheld at the source — deducted by the tax agent when the income is paid.
Who does not pay profit tax: businesses on turnover tax (a special regime for companies with turnover below the set threshold) and payers for whom separate special rules apply. But once you exceed the threshold or voluntarily move to the general regime, profit tax becomes mandatory for you.
We'll help you decide which regime is best for your businessWhat is the profit tax rate in Uzbekistan in 2026?
There is one base figure — 15% — but the Tax Code provides a whole ladder of rates depending on the payer category and the type of activity. That is the main reason you cannot blindly "take 15% and multiply": your specific rate may turn out higher or lower than the base one.
Below is an indicative map of rates. The exact rate for your activity must always be checked against the current version of Article 337 of the Tax Code.
| Category | Rate | Note |
|---|---|---|
| Base rate | 15% | most companies on the general regime |
| Certain categories (banks, etc.) | 20% | higher rate for a number of payers |
| Dividends to residents | 5% | withheld at source on payment |
| Dividends and interest to non-residents | 10% | withheld by the tax agent |
| Non-resident income from Uzbek sources | up to 20% | by income type, at source |
| Certain preferential activities | 0% / reduced | on Tax Code grounds (e.g. social sphere, renewables) |
The rate depends on more than profit
Mobile operators are subject to a special procedure tied to their profitability level, and from 2026 marketplace sellers pay profit tax at 15% (up from 10%). So "your" rate is verified by activity type, not assumed by default.
What changed in 2026
The year brought no revolution, but a set of targeted and tangible changes. Here are the key ones for profit tax payers.
- 1
New rules for non-resident dividends
From 2026 (Article 354 of the Tax Code, Law ZRU-1108) the tax on dividends paid to a non-resident can be reduced by tax previously paid on dividends received from other Uzbek legal entities — with a 25%+ stake held for at least 365 days.
- 2
The advance-payment threshold doubled
The aggregate-income threshold for monthly advance payments rose from 10 billion to 20 billion sum. Part of the mid-sized segment is now freed from monthly advances.
- 3
Exemption for new payers
Those switching to profit tax for the first time from January 1, 2026 are exempt for one tax period (except for tax on dividends and interest).
- 4
Marketplaces — 15% rate
For marketplace sellers, profit tax rose from 10% to 15%, and turnover tax from 3% to 4%.
How the tax is calculated: from revenue to payment
The calculation logic is easiest to show as a "waterfall" — step by step from gross revenue to the tax amount. This is the unique anatomy of profit tax: every step matters, because at each one you can either lose money or save it.
The key risk in this chain is expenses. For an expense to reduce profit, it must be economically justified, related to the business and documented. If the tax authority disallows part of your expenses, your base grows — and so does the tax. That is why on the general regime, order in your primary documents matters more than it seems.
A simple calculation example
Suppose a resident company on the general regime reports the following for the year:
- Aggregate income — 2 billion sum.
- Deductible expenses — 1.4 billion sum.
- Tax base (profit) = 2 − 1.4 = 0.6 billion sum.
- Profit tax at 15% = 0.6 × 15% = 90 million sum.
If during the year the company already made advance payments of, say, 70 million sum, then on the annual return it pays the difference: 90 − 70 = 20 million sum. And if more advances were remitted than the final tax, an overpayment arises that can be offset or refunded. This is exactly why calculating advances accurately during the year saves both money and nerves.
We'll calculate profit tax and advances for your businessWhen are advance payments and the profit tax return due?
Profit tax is not paid in a single lump at year-end but through a system of advance payments and quarterly reporting. There are two modes depending on the size of the business.
Income below the threshold
no monthly advancesIf aggregate annual income does not exceed 20 billion sum (the threshold from 2026), monthly advance payments are not required — settlement follows the reporting periods.
Income above the threshold
monthly advancesWith income above 20 billion sum, the company makes monthly advance payments no later than the 23rd of each month, then reconciles against actual profit.
It helps to keep the key deadlines in front of you:
Advances — by the 23rd
Monthly advance payments (for payers above the threshold) — no later than the 23rd of each month.
Quarterly reporting — by the 20th
Reporting for the quarter — no later than the 20th of the month following the reporting quarter.
Annual return — by March 1
The annual profit tax return — no later than March 1 of the following year.
Late payment = penalties and fines
Late payment of advances and tax triggers penalty interest, and errors in the return lead to additional assessments and fines. Even if the year-end tax is small, missed advance payments create a debt during the year. Keep the deadlines in the accountant's calendar and don't leave them to the last day.
Non-residents and withholding tax
A separate large block is payments to non-residents. If an Uzbek company pays a foreign recipient dividends, interest, royalties or other income from an Uzbek source, it acts as a tax agent: it withholds the tax on payment and remits it to the budget.
Dividends and interest
Taxed at source at 10%. From 2026 the tax can be reduced by tax previously paid, with a 25%+ stake held for 365+ days.
Other non-resident income
Non-resident income from Uzbek sources is taxed at source at rates up to 20% depending on the income type. The tax agent files the reporting.
A key practical point is double taxation treaties (DTTs). If Uzbekistan has such a treaty with the recipient's country, the withholding rate may be lower, but you must confirm the recipient's tax residency with the relevant documents. Without confirmation, the Tax Code rate applies.
Pros of the general regime (profit tax)
- You can deduct real expenses and pay on actual profit, not on turnover.
- Prior-year losses and depreciation are taken into account.
- Transparent for large counterparties and foreign investors.
Cons and complications
- You need full income and expense accounting with primary documents.
- Advance payments and several reporting deadlines per year.
- Errors in expenses lead to additional assessments and fines.
Common profit tax mistakes
What to avoid
Applying 15% by default without checking your category (banks, marketplaces, mobile operators have special rules); forgetting advance payments by the 23rd and accumulating debt during the year; missing quarterly reporting by the 20th and the annual return by March 1; not documenting expenses and losing deductions; paying dividends to non-residents without withholding tax at source; not applying a DTT where it legally reduces the rate. Verify the facts on lex.uz and soliq.uz — or let us handle the accounting.
Profit tax in Uzbekistan 2026: the essentials
- The base rate is 15%; certain categories (for example, banks) pay 20%, and some activities have reduced or zero rates.
- It is paid by legal entities on the general regime and by permanent establishments; businesses on turnover tax do not pay profit tax.
- Dividends and interest to non-residents — 10% at source; from 2026 previously paid tax may be credited.
- The threshold for monthly advance payments rose to 20 billion sum from 2026.
- Deadlines: advances — by the 23rd, quarterly reporting — by the 20th, the annual return — by March 1.
- New payers from 2026 are exempt for one tax period (except for dividends and interest).
Related articles
- Turnover tax in Uzbekistan 2026: rates and VAT threshold
- VAT or simplified tax in Uzbekistan 2026: which to choose
- Taxes for non-residents in Uzbekistan 2026: withholding tax
- How to Register an LLC in Uzbekistan: Step by Step
Frequently asked questions
What is the profit tax rate in Uzbekistan in 2026?+
The base rate is 15%. Certain categories (for example, banks) face a higher 20%, while a number of activities have reduced and zero rates. Check the exact rate against Article 337 of the Tax Code.
Who pays profit tax?+
Resident legal entities on the general regime and permanent establishments of non-residents. Non-residents without a permanent establishment pay tax at source. Businesses on turnover tax do not pay profit tax.
What rate applies to non-resident dividends?+
Dividends and interest to non-residents are taxed at source at 10%. From 2026, with a 25%+ stake held for 365+ days, the tax can be reduced by previously paid tax.
When are advance profit tax payments due?+
Payers with aggregate annual income above 20 billion sum (the threshold from 2026) make monthly advances no later than the 23rd of each month.
What are the profit tax filing deadlines?+
Quarterly reporting — no later than the 20th of the month after the reporting quarter; the annual return — no later than March 1 of the following year.
Are new profit tax payers exempt?+
Yes, those switching to profit tax for the first time from January 1, 2026 are exempt for one tax period, except for tax on dividends and interest.
Can I reduce the tax under a double taxation treaty?+
Yes, on payments to a non-resident the withholding rate may be lower under a DTT, but you must confirm the recipient's tax residency with documents. Without confirmation, the Tax Code rate applies.
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Yaroslav Kolesov
Partner, Accounting & Tax practice
DipIFR, CPA Uz, ACCA Affiliate · chief accountant, 15+ years in international companies
BizReg (Ustores LLC, Tashkent) helps foreigners set up companies in Uzbekistan turnkey — registration, legal address, bank account and accounting. 1000+ registrations over 15 years.
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