Uzbekistan Tax Guide
Investors need to assess taxes throughout a project: when contributing capital, acquiring equipment, conducting business, distributing income to shareholders and selling the business. The overall burden depends not only on the corporate income tax rate, but also on value added tax, withholding taxes, the tax treatment of real estate and the conditions for claiming incentives.
This guide is intended for foreign companies, their owners and managers, and individuals investing in Uzbekistan. It covers ordinary commercial activities, cross-border payments and investors’ personal income. Banking, insurance, mining and other regulated projects require additional sector-specific analysis.
This guide has been prepared as of 1 October 2026. Numerical examples are illustrative. Unless expressly stated otherwise, the rates shown are general domestic rates without the application of a tax treaty or a special incentive. For a particular transaction, the version of the relevant provision in force when the tax liability arises should be considered.