TAX SYSTEM
The fundamental provisions of the current Uzbekistan tax system were laid down as part of a major set of tax reforms introduced during 1991. The Uzbekistan State Tax Committee was created around the same period to monitor compliance, to verify tax calculations and to issue instructions on the application of tax laws. The tax system has been amended on numerous occasions and remains one of the more complex aspects of the Uzbekistan business environment. The main taxes affecting foreign investors are as follows:
• Corporate income (profits) tax, including income tax withholding at source of payment of income (withholding tax);
• Value-added tax and turnover charges;
• Personal income tax and other payroll charges:
• Customs duties;
• Other taxes and charges (e.g. subsurface use tax, excise tax, property tax, land tax, water use tax and other local taxes and charges).
Basic taxes and charges payable
in the Republic of Uzbekistan
|
# |
Taxes |
Tax object |
Tax tarif, % |
|
1 |
INCOME (PROFIT) TAX |
legal entities |
10,0 |
|
For enterprises - exporters at whom the share of export of goods (services) of own manufacture for hard currency makes: |
|||
|
From 15 till 30 % in total amount of realization |
the established rate is reduced on 30 % |
||
|
From 30 % and more in total amount of realization |
the established rate is reduced in 2 times |
||
|
2 |
PROPERTY TAX |
legal entities |
3,5 |
|
For enterprises - exporters at whom the share of export of goods (services) of own manufacture for hard currency makes: |
|||
|
From 15 till 30 % in total amount of realization |
the established rate is reduced on 30 % |
||
|
From 30 % and more in total amount of realization |
the established rate is reduced in 2 times |
||
|
3 |
TAX TO THE ACCOMPLISHMENT AND DEVELOPMENT OF THE SOCIAL INFRASTRUCTURE |
legal entities |
The limiting rate of the tax - 8 % from the net profit which is being at the command of the enterprise |
|
4 |
UNIFIED TAX |
microfirms & small enterprises |
10,0 |
|
5 |
ROAD FUND PAYMENT |
legal entities |
1,5 |
|
6 |
PENSION FUND PAYMENT |
legal entities |
0,7 |
|
7 |
EDUCATION FUND PAYMENT |
legal entities |
1,0 |
|
8 |
VAT |
legal entities |
20,0 |
The Government of the Republic of Uzbekistan is pursuing consistent policy on liberalization of foreign trade regime and harmonization with norms and principles of GATT/WTO. In particular, Uzbekistan does not apply quantitative restrictions in foreign trade, quotation and licensing, and the average arithmetic rate of the import customs tariff is 14.6%.