Uzbekistan taxes resident companies on worldwide income at a standard 15% corporate income tax rate, with a 2020 reform package having introduced thin capitalization, beneficial ownership, transfer pricing, CFC, and group taxation rules taking effect in subsequent years, administered by the State Tax Committee. Individuals present in Uzbekistan for 183 days or more in a 12-month period are tax residents.
The tax year is the calendar year; specific corporate filing deadlines are not itemized in available sources beyond the general annual framework.
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%.
An individual present in Uzbekistan for 183 days or more in a 12-month period is a resident. Legal entities are normally subject to 15% corporate income tax.
A foreign company operating through a permanent establishment in Uzbekistan is subject to the standard 15% corporate income tax rate on profits attributable to that establishment. A special exemption applies from February 1, 2025 to January 1, 2030: foreign companies that are not tax residents of a country with a double tax treaty with Uzbekistan are exempt from corporate income tax if their annual IT-services export volume to residents of Uzbekistan's IT Park exceeds USD 10 million.
Sources conflict on this point: one source (Freeman Law, dated 2022) states Uzbekistan has no CFC rules, while three independent, more detailed, mechanism-specific sources - GSL, a Lexology legal analysis of Uzbekistan's new Tax Code, and an EY-sourced compilation - all 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across three independent sources versus one unelaborated single-line claim, the Freeman Law position is treated as outdated or reflecting an earlier snapshot rather than the current position. Under the current rules, 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.
Thin capitalization rules, effective since 2020, deny deduction of interest and penalties on 'controlled debt' (debt owed to a non-resident holding 25% or more of the borrower, a related party of that holder, or a party for whom either acts as guarantor) once that debt exceeds equity by 3 times (13 times for banks and leasing companies), per PwC's current Uzbekistan corporate tax summary.
Uzbekistan classifies entities under its own domestic Tax Code rather than offering an elective check-the-box system, and no ATAD2-style anti-hybrid mismatch regime addressing double-deduction or deduction-without-inclusion outcomes has been identified. As described elsewhere on this page, Uzbekistan does have genuine, currently operative CFC rules (introduced under the 2020 reform package): a Uzbekistan tax resident is generally deemed to have a CFC where it holds more than 25% of shares in a foreign company (reduced from a 50% threshold effective January 1, 2023), unless specific active-holding-company or minimum-tax-rate exceptions apply, functioning as Uzbekistan's primary anti-avoidance backstop against low-taxed offshore structures.
No domestic FBAR-equivalent regime requires Uzbekistan residents to separately disclose foreign financial accounts, and Uzbekistan is not currently a CRS participating jurisdiction, so it does not automatically exchange financial account information with foreign tax authorities under the OECD's Common Reporting Standard. US persons remain independently subject to FinCEN Form 114 (FBAR) and potentially Form 8938 regardless of Uzbekistan's own rules.
A dedicated participation exemption regime for dividends or capital gains from a qualifying subsidiary distinct from the CFC framework described elsewhere on this page is not confirmed in available primary sources; confirm current treatment of intercompany dividends and share disposals directly with Uzbekistan's State Tax Committee before relying on this page.
A foreign tax credit is available for foreign tax paid on income earned abroad, subject to documentary requirements, under Uzbekistan's network of 55 double tax treaties; Uzbekistan has not signed the OECD's Multilateral Instrument (MLI), so treaty modifications under that instrument do not apply to Uzbekistan's bilateral treaty network.
Uzbekistan has entered into 55 Double Tax Treaties. Uzbekistan has not signed the OECD's Multilateral Convention (MLI). A foreign tax credit is available for foreign tax paid on income earned abroad, subject to documentary requirements, under Uzbekistan's double tax treaties. 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.