This article dives directly into Uzbekistan’s corporate tax regime for companies as of 2025, providing a data-driven breakdown of statutory rates, sector-specific adjustments, and recent legislative changes relevant for both domestic and foreign business interests.
Overview of Corporate Income Tax in Uzbekistan (2025)
Uzbekistan applies a flat corporate income tax (CIT) rate, with select sectors subject to higher or preferential rates depending on specific economic criteria. The assessment basis is corporate profits, denominated in Uzbekistani soʻm (UZS).
| Corporate Income Tax Feature | Detail (UZS) |
|---|---|
| Tax Type | Flat |
| Standard CIT Rate | 15% |
| Assessment Basis | Corporate profits |
| Currency | UZS (Uzbekistani soʻm) |
| Income Bracket Structure | Not applicable (flat rate) |
All resident companies and local organizations are taxed at the standard flat rate of 15% on their corporate profits, unless a specific exemption or sector-based rate applies. There are no brackets: the rate is uniform except as otherwise stated below.
Sector-Specific Rates and Surtaxes in Uzbekistan
Uzbekistan’s tax code allows for a number of adjustments and temporary relief measures for certain industries, business activities, and scenarios. The following table summarizes these sector-specific corporate tax rates and exemptions applicable in 2025 (all calculations are based on a standard rate of 15%, with modifications as described):
| Condition | Adjusted CIT Rate (%) | Effective Period/Requirements |
|---|---|---|
| Commercial banks; producers of cement, clinker, polyethylene granules; mobile service providers; markets/shopping malls | 20% | Ongoing (5% surtax over standard rate) |
| Food service enterprises | 7.5% | 1 Jan 2025 – 1 Jan 2028 (rate reduced by 7.5%) |
| Businesses selling fruit & vegetables in modern packaging (meeting prescribed conditions) | 1% | Apr 2025 – 1 Jan 2028 (rate set; previously 7.5%) |
| Profits from sale of electricity to general grid using renewable installations (<=100 kW) | 0% | 3 years from commissioning; 10 years with solar and storage (>=25% capacity) |
| Publishing and printing activities (>=90% qualifying revenue) | 0% | 1 Jan 2025 – 1 Jan 2029 (full exemption, except interest income) |
| Non-resident legal entities exporting IT services (>USD 10M/year) to Technology Park residents (non-DTT countries excluded) | 0% | 1 Feb 2025 – 1 Jan 2030 (full exemption) |
| Electronic commerce (goods, works, services) | 10% | From 1 Jan 2025 (rate set from previous 7.5%) |
| First-time CIT payers switching from turnover tax post-1 Sep 2022 (<=UZS 10B turnover) | 7.5% | Tax period of switch |
| CIT payers exceeding UZS 10B for first time after 1 Sep 2022 (<=UZS 100B revenue) | 7.5% | Tax period in which threshold is exceeded & following period |
| Enterprises in electrical industry (>=80% revenue from qualifying sales) | 7.5% | 1 Jan 2024 – 1 Jan 2027 (rate reduced by 50%) |
| Procurement/processing of leather, fur, wool; automated slaughterhouses; production of wool, artificial leather, leather goods, shoes (60% or 80% qualifying revenue) | 0% | 1 Jan 2023 – 1 Jan 2026 (specific revenue criteria apply) |
| Participants in special economic zones (investment threshold: >$3M, $5M, $15M) | 0% | 3, 5, or 10-year exemption aligned with investment level |
The distinctions above are made to support targeted sectors or strategic investments—an approach often used by countries seeking to promote industrial diversification or technological exports. Qualifying for preferential rates or exemptions generally requires strict compliance with thresholds or sector activity criteria.
Assessment Basis and Exemptions
Uzbekistan’s corporate income tax is assessed strictly on corporate profits. For the majority of companies, the flat 15% rate applies unless operating in a specifically incentivized or penalized sector. Bracketed rates are not implemented—only modifications or exemptions under special circumstances.
There are no disclosed holding period requirements relevant to the application of these rates in 2025. If such regulations exist in practice, these have not been publicly documented by the tax authorities as of this publication cycle.
Official Reference and Authority
For direct government guidance, visit the official Uzbekistan Ministry of Finance website. This site provides central updates, legal texts, and forms crucial for compliance and policy monitoring.
Pro Tips for Navigating Corporate Tax in Uzbekistan
- Assess if your company falls within a sector subject to higher (20%) or incentivized rates, especially before making major investment decisions or entering new lines of business.
- For first-time corporate tax filers transitioning from turnover tax, or those just crossing major revenue thresholds, actively monitor your monthly revenues to optimize applicability of reduced CIT rates (7.5%).
- If you’re a non-resident exporting IT services, or running operations in publishing, printing, e-commerce, or the renewable energy sector, seek professional guidance to ensure eligibility for full or partial exemptions—criteria are specific and documentation-heavy.
- Special economic zones in Uzbekistan offer multi-year full exemptions based on investment size. Ensure your capital injections are methodically documented and comply with official certification standards to benefit fully.
- Sector-specific incentives and exemptions frequently change with major economic policy reviews; regular consultation of Ministry of Finance releases is recommended for up-to-date compliance.
Key Points to Remember about Uzbekistan’s Corporate Tax
Uzbekistan maintains a flat 15% corporate income tax rate, with carefully delineated industry exceptions both for encouragement and additional scrutiny. Opportunities for reduced and even zero CIT rates are predicated on very specific industry, revenue, and investment conditions—many with limited timelines or tightly defined eligibility. Staying current with legislative changes and double-checking your company’s status against official guidelines remains essential for optimal tax positioning in Uzbekistan’s evolving fiscal landscape.