Taxes in Uzbekistan in 2026: rates, regimes, benefits

Yaroslav Kolesov

Partner, Accounting & Tax practice

DipIFR, CPA Uz, ACCA Affiliate · chief accountant, 15+ years in international companies

Last updated 2026-06-15 · 8 min read

✓ Facts verified against primary sources (lex.uz, soliq.uz)

Last updated 2026-06-15 · 8 min read · ✓ Facts verified against primary sources (lex.uz, soliq.uz)

Uzbekistan's tax system for business is simpler than it looks: a handful of core taxes, clear rates, and strong incentives for tech companies. And from 1 June 2026 the rules for small business became even friendlier — the VAT threshold rose and a reduced rate appeared. Here are the current rates and changes with links to primary sources.

What changed on 1 June 2026

In practice: a small business can grow to almost 5bn sum of turnover without entering the general regime, and those who do work with VAT in trade and services have access to the reduced 6% rate. This lowers the burden and simplifies bookkeeping for a large share of entrepreneurs.

Core tax rates — at a glance

Below we break down each tax: who pays, what it's based on, and what to watch for.

VAT

The standard VAT rate is 12%. It's an indirect tax built into the price and paid on added value. A business becomes a VAT payer on the general regime or when exceeding the turnover threshold — which from 1 June 2026 rose to 12,000 BRV (almost 5bn sum). Key points:

• Reduced 6% rate — from 1 June 2026, voluntarily available for trade, catering and services.
• Exports of goods are zero-rated upon documentary confirmation.
• Input VAT (paid to suppliers) can be deducted under conditions — reducing the amount due.
• Invoices are issued electronically in the required format.

Deduction, rate and exemption nuances are detailed in the Tax Code — don't rely on blog summaries.

Profit tax

Base rate — 15%. Importantly, it's paid on profit, not total revenue — the difference between income and deductible expenses. This favours companies with a high share of expenses (purchases, salaries, rent). Some activities and taxpayer categories have different rates — check by your activity code.

Personal income & social tax

From employees' salaries the employer withholds and pays:

• PIT — 12% (personal income tax);
• social tax — 12% (25% for budget organizations).

IT Park residents have a reduced PIT of 7.5%, which noticeably lowers payroll costs for IT teams.

Turnover tax (simplified regime)

Small businesses below the threshold (from 1 June 2026 — 12,000 BRV, almost 5bn sum) may pay turnover tax — a percentage of revenue, base rate 4% (other rates for some activities). Pros: simpler bookkeeping, no VAT administration or profit calculation. Con: it's charged on revenue regardless of expenses, so with low margins the general regime can be better. The higher threshold from 1 June 2026 means you can stay on the simplified regime longer.

Example: comparing the regimes

The logic is roughly this. On turnover tax you pay a fixed percentage of revenue — predictable and simple, convenient for services and retail with low expenses. On the general regime (VAT + profit tax) you pay 12% VAT on added value and 15% on profit, but you can deduct input VAT and account for expenses — better with large purchases and VAT counterparties. From 1 June 2026 there's an in-between option — voluntary 6% VAT for trade and services, sometimes the optimal choice. The exact result depends on your revenue, expenses and client mix — we model the scenarios and show the difference in money.

Tax calendar and automation

Most errors and penalties come not from the rates but from missed deadlines and sloppy source documents. So keep records systematically: log income and expenses, store invoices, reconcile turnover, and see the VAT threshold approaching in advance. The tax authority's e-services (your account on soliq.uz) let you file online, but they need correct data going in. We set up this process turnkey: keep the books, prepare and file returns on time, remind you about payments, and keep documents in order.

Reporting and deadlines

Tax returns are filed periodically: for most taxes monthly or quarterly, depending on the tax and regime, with payment due by set deadlines. Late filing leads to penalties and interest, so don't miss dates. The exact tax calendar, forms and filing procedure are on the soliq.uz portal. VAT registration deserves attention: above the turnover threshold a company must register as a VAT payer and issue invoices in the required format.

Tax audits and liability

The tax authority may run desk and field audits and request explanations of your figures. To pass them calmly you need correct bookkeeping, returns filed on time, and orderly primary documents. Late filing and non-payment carry penalties and interest set by the Tax Code. We help you prepare for an audit and support the company in dialogue with the inspectorate.

How to switch tax regime

You can move from the simplified regime to the general one (and back) within the set procedure and deadlines — for example, when turnover exceeds the threshold, switching to VAT becomes mandatory. From 1 June 2026 the threshold rose, so many now have room to stay on the simplified regime longer. Missing the mandatory switch can lead to additional assessments. We track thresholds and prepare the company for a regime change in advance.

Taxes for foreign founders

A foreign founder pays the same corporate taxes as a local company — the burden depends on the chosen regime, not the owner's citizenship. Separate rules apply to withholding tax on dividends and income paid to non-residents — see the Tax Code for specific rates and conditions, or ask us. In practice the key choice for foreign business is the same: simplified or general regime, whether you need VAT (and at which rate), and whether your activity qualifies for IT Park.

IT Park benefits — why it pays off

Which regime to choose

Common mistakes

Frequently asked questions