In this chapter
- The main business tax rates in 2026
- The difference between the simplified regime (turnover tax) and the general regime
- Who cannot use turnover tax
- How to decide between the two with your own numbers
4.1The main rates
| Tax | Rate | Who pays and when |
|---|---|---|
| Corporate income tax (CIT) | 15% | On profit, under the general regime. 20% for banks, mobile operators, cement and polyethylene-granule producers and markets. Monthly advance payments only once annual income exceeds 20 billion som. |
| Value added tax (VAT) | 12% | Under the general regime. Exports of goods are taxed at 0%. |
| Turnover tax | 4% | Replaces CIT and VAT under the simplified regime. Lower rates for sole traders and some small-town retail. |
| Personal income tax (PIT) | 12% | Withheld by the employer from salaries. 0.1% of it goes to the employee's pension savings account (INPS). |
| Social tax | 12% | Paid by the employer on top of payroll (25% for state-funded bodies). |
| Dividends and interest | 5% / 10% | Withheld at source: 5% for residents, 10% for non-residents unless a tax treaty gives less. |
| Property tax (companies) | 1.5% | On the average annual value of buildings and structures. |
4.2Turnover tax or the general regime
Turnover tax is a single tax on income, not on profit. It is simple to calculate, reported monthly, and replaces both profit tax and VAT. The general rate for companies is 4%.
The general regime taxes profit at 15% and adds 12% VAT. It takes more accounting, but you can deduct expenses and reclaim the VAT you pay to suppliers.
Since 1 June 2026 (Presidential Decree UP-100 of 26 May 2026) a company must move to the general regime only when its annual income passes 12,000 base values, about 5.3 billion som at today's base value. The old limit was 1 billion som. The same decree means importing goods no longer forces a company to pay VAT.
Who cannot use turnover tax
- Producers of excisable goods (for example alcohol and tobacco products)
- Mining companies and sellers of petrol, diesel and gas
- Pharmacies, sellers of medical devices and providers of medical services (since 1 April 2025)
- Makers and sellers of jewellery (since 1 January 2026)
- Lottery organisers and a few other special cases
New in 2026: optional 6% simplified VAT
From 1 June 2026 until 2030, small businesses in catering, trade and services may choose a 6% simplified VAT instead. They pay no profit tax but cannot reclaim input VAT. Large taxpayers and companies at least 50% owned by the state cannot use it.
4.3How to choose: four steps
Write down your expected first-year income and costs.
Use real numbers: price, volume, rent, salaries, purchases.
- You need
- A simple spreadsheet for 12 months
Calculate turnover tax.
4% of income, whatever your costs are.
Calculate the general regime.
15% of profit, plus 12% VAT on sales minus the VAT you pay to suppliers.
Ask your future clients whether they need VAT invoices.
Companies on the general regime reclaim VAT. If your buyers are such companies, they may prefer a supplier who charges VAT.
- You get
- A regime that fits both your margins and your buyers
First switch bonus. A company that moves from turnover tax to the general regime for the first time from 1 January 2026 pays no profit tax for the next tax period (dividends and interest excluded), or may calculate the tax base as 25% of total income.
4.4Taxes that concern a foreign owner
- Dividends paid to a non-resident owner: 10% withheld by the company. Uzbekistan has 55 tax treaties in force; with a tax residence certificate from your country the rate can be 5–15%.
- Payments to foreign companies for services, including management and consulting, are taxed at source at 20% unless a treaty says otherwise.
- Tax residence of a person: 183 days or more in Uzbekistan in any 12-month period makes you a tax resident.
- IT Park residents are exempt from most taxes until 1 January 2028 and pay 1% of revenue to the IT Park. From 2028 to 2040 the benefits continue only for companies earning more than half of their income from exports.
- E-commerce: since 1 January 2026, online stores and platforms pay the normal 15% profit tax or 4% turnover tax. Foreign sellers of e-services to individuals in Uzbekistan must register for VAT; they do not have to open a local company.
Checklist
- I know my expected annual income and whether it is below 12,000 base values
- I have checked that my activity is not on the excluded list for turnover tax
- I have compared both regimes on my own numbers
- I know who will withhold tax on dividends and on payments abroad
Common questions
What is the corporate tax rate in Uzbekistan?
15% of profit under the general regime (20% for banks, mobile operators and a few other sectors). Small companies can instead pay turnover tax, usually 4% of income.
Can an importer use turnover tax in 2026?
Yes. Since 1 June 2026 importing no longer makes a company a VAT payer; it may stay on turnover tax until its annual income passes 12,000 base values.
How much tax is withheld on dividends paid to a foreign owner?
10%, or a lower treaty rate (often 5–15%) if the owner gives a tax residence certificate from a treaty country.
Want us to do it for you?
iBookkeeper registers companies for foreign and local founders and keeps their books afterwards. We talk it through in English, Uzbek or Russian first; once we agree, we sign a paper contract.
Sources
- PwC Worldwide Tax Summaries — Uzbekistan, corporate taxes (reviewed Aug 2026)
- PwC — Uzbekistan, other taxes (VAT, social tax, property)
- PwC — Uzbekistan, withholding taxes and treaties
- EY — Uzbekistan: tax updates effective from 2026
- Norma.uz — threshold for the general regime raised (Decree UP-100, June 2026)
This guide is general information, not legal or tax advice for your situation. Figures are current on the date shown and change; confirm them before you act.