Uzbekistan Corporate Tax Guide 2026

Overview — Corporate Tax in Uzbekistan

Corporate tax in Uzbekistan is governed by the Tax Code of Uzbekistan and administered by the State Tax Committee. A company is tax resident if it is incorporated in Uzbekistan or if its place of effective management is in Uzbekistan. Resident companies are taxed on worldwide income; non-resident companies with a permanent establishment in Uzbekistan are taxed on Uzbekistan-source income only. Companies must register for tax and obtain a Taxpayer Identification Number (TIN). The tax year aligns with the calendar year. Annual CIT returns are due by 1 April of the following year, with quarterly advance payments.

Standard CIT Rate — 15%

The standard CIT rate for resident companies in Uzbekistan is 15% of chargeable profits. Non-resident companies with a permanent establishment are also taxed at 15% on Uzbekistan-source profits. Taxable profit is computed as gross revenue less allowable deductions including operating expenses, depreciation, interest costs (subject to thin capitalisation rules), and losses carried forward. Losses may be carried forward for up to 10 years. Capital gains are included in ordinary income and taxed at the standard CIT rate, not separately.

Zero-Rate CIT — 0% for FEZ & IT Park

Companies operating in Uzbekistan's special economic zones (SEZs) and technology parks may qualify for a 0% CIT rate. Key preferential regimes include:

• Navoi Free Economic Zone (FEZ) — qualifying industrial and manufacturing companies pay 0% CIT for a defined period (typically 5-10 years depending on investment size)
• IT Park (Tashkent & regional branches) — IT and software development companies registered in IT Park benefit from 0% CIT, 0% social tax (reduced rate), and other exemptions for up to 10 years
• Special industrial zones — companies in Angren, Jizzakh, and other industrial zones may benefit from reduced or zero CIT rates

To qualify, companies must meet minimum investment thresholds (typically US$1-5 million depending on the zone) and create a specified number of jobs. The zero-rate period varies by zone and investment volume.

Reduced Rate — 10% for Certain Activities

A reduced CIT rate of 10% applies to certain specified activities including telecommunications services and some media-related activities. The reduced rate may also apply for agricultural producers and processing companies in certain circumstances. Companies engaged in multiple activities must maintain separate accounting records for each activity to claim reduced rates on qualifying portions of their income. The reduced rates are designed to encourage investment in strategic sectors of the Uzbek economy.

Depreciation & Capital Allowances

Uzbekistan uses a straight-line depreciation system for tax purposes. Minimum useful lives are prescribed:

• Buildings & structures — 20 years (5% per annum)
• Machinery & equipment — 5-10 years (10-20% per annum)
• Computers & software — 3 years (33% per annum)
• Motor vehicles — 5 years (20% per annum)
• Intangible assets — 5-10 years based on useful life

An accelerated depreciation rate of 2x the standard rate is available for fixed assets used in manufacturing and certain priority sectors. Companies in FEZs may qualify for bonus depreciation in the first year.

FAQs

What is the penalty for late filing of corporate tax returns?

Late filing attracts a penalty of 10% of the assessed tax for the first month and 5% for each subsequent month, up to a maximum of 50% of the tax due. Interest on late payment accrues at the central bank refinancing rate.

Can foreign companies claim treaty relief?

Yes, Uzbekistan has double tax treaties with 60+ countries including the UK, Germany, China, Russia, South Korea, Singapore, and most CIS countries. Treaty relief may reduce withholding tax rates on dividends, interest, and royalties paid to non-residents.

Is there a minimum tax for loss-making companies?

Uzbekistan does not have a turnover-based minimum tax. Loss-making companies may carry forward losses for up to 10 years against future profits. However, consistent losses may attract tax audit scrutiny.

Disclaimer

This guide provides general information about Uzbek corporate tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Uzbek tax advisor or the State Tax Committee for advice specific to your situation. InvestmentKit does not provide tax advice.