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Uzbekistan - TAXES ACCOUNTING |
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Corporate tax
Tax rate for resident companies |
The regular corporate profits tax rate is 18%. This rate also applies to Uzbek enterprises with foreign par- ticipation and to PEs of foreign companies.
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Taxe rate on long-term capital gains |
Capital gains are incorporated in the taxable income and thus levied at the same corporate income tax rate.
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System governing groups of companies and dividends paid by subsidiaries to their parent companies |
Dividends and interest: 15%
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Tax rate on branches |
Permanent establishments are also subject to a 10% tax on the repatriation of their profits after deduction of the corporate profits tax.
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Income tax
Fiscal year |
The fiscal year begins on April 1st and ends on March 31st of the next year.
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Income tax rate |
Tax Schedule 2005:
| Revenu | Taux | | < 5 minimum annual wage | 13% | | 5 - 10 minimum annual wage | 21% | | > 10 minimum annual wage | 30% |
Currently, the minimum annual wage is UZS 65,280 (12*UZS5,440)
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VAT rates
Standard rates |
The base rate is 20%.
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Reduced rates |
The reduced rates vary between 10% and 20%.
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Other important taxes
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Name of tax |
Rate |
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Excise duties on some luxuries, tobacco, alccols etc....
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5% to 94%
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Obligation of transfer of 30% on receipts in currencies
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30%
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Taxes on security of tenure of commercial tenant
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1%
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Land taxes
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Variable rate
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Tax on vehicles
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Calculated on the basis of the total engine power of every category of vehicle. Margins of adaptation are integrated into the tax calculation to take into account the inflation.
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Accounting
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Professionals and representative organizations
The "Ministry of Finance", Moustakillik street, Tashkent.
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Export Entreprises SA ©, All rights reserved
Last modified in
January 2003
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