Uzbekistan's headline corporate income tax (CIT) rate is 15.
The headline personal income tax (PIT) rate is 12.
The standard VAT/GST (or equivalent consumption tax) rate is 12. Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.
An individual present in Uzbekistan for 183 days or more in a 12-month period is a resident, confirmed via TaxAtlas, taxed on worldwide income. Legal entities are normally subject to 15% corporate income tax, confirmed via GSL, with a simplified regime available for smaller entities (turnover under UZS 1 billion, or UZS 100 million to 1 billion for sole proprietorships).
RESOLVED SOURCE CONFLICT: one source (Freeman Law, dated 2022) states plainly "CFC Rules. No." This is contradicted by three independent, more detailed, mechanism-specific sources - GSL, a Lexology legal analysis of Uzbekistan's new Tax Code, and an EY-sourced compilation - all of which describe real, detailed, currently-operative CFC rules with matching specifics. Given the level of specific, corroborating, mechanism-level detail across three independent sources versus one unelaborated single-line claim, the Freeman Law "No" is treated as incorrect or reflecting an earlier/different snapshot, and is not relied upon. Confirmed current CFC mechanics: a Uzbekistan tax resident (individual or legal entity) is generally deemed to have a CFC if it holds more than 50% of shares in a foreign company (reduced to more than 25% from January 1, 2023) - unless the foreign company qualifies as an "active foreign holding company" under specific tests and is not incorporated in a jurisdiction on an officially approved offshore blacklist, or is subject to an effective corporate tax rate of at least 15% and is located in a country with which Uzbekistan has a double tax treaty. A deemed CFC resident must pay tax on the CFC's undistributed profits in proportion to their shareholding, and must submit a standard notification form to the tax authorities regarding participation in any foreign company.
Confirmed via Freeman Law: thin capitalization and beneficial ownership rules became effective in 2020 as part of the same broader tax reform package that introduced transfer pricing, CFC, and group taxation rules (the latter three taking effect in subsequent years). Specific numeric debt-to-equity thresholds were not itemized in sources reviewed this session.
No domestic FBAR/Form 8938-equivalent requiring Uzbekistan residents to self-report their own foreign accounts was identified, though the CFC notification requirement above functions as a related, specific disclosure obligation for foreign company participation. Certain foreign exchange controls apply to Uzbekistan residents: individuals may bring cash into the country without limitation and take cash out up to the equivalent of UZS 100 million without permission, while legal entities (except banks) are prohibited from bringing and withdrawing cash, confirmed via GSL. Resident individuals may open bank accounts in national or foreign currency both domestically and abroad. Separately and independently of local law, US citizens and Green Card holders with Uzbekistan accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938, regardless of local requirements.
Uzbekistan has entered into 55 Double Tax Treaties, confirmed directly via GSL's named list including Austria, Azerbaijan, Bahrain, Belarus, Belgium, and Bulgaria among others (partial list; full enumeration not reproduced here). Uzbekistan has not signed the OECD's Multilateral Convention (MLI), confirmed via the same source. A foreign tax credit is available for foreign tax paid on income earned abroad, subject to documentary requirements, under Uzbekistan's double tax treaties, confirmed via an EY-sourced compilation. Notably, from February 1, 2025 to January 1, 2030, foreign companies that are not tax residents of a DTT country with Uzbekistan are exempt from CIT if their annual IT-services export volume to residents of Uzbekistan's IT Park exceeds USD 10 million, confirmed directly via PwC - a targeted incentive independent of the general treaty network.