Legislation in the Republic of Uzbekistan is constantly evolving during this period of economic transition from the pre-independence socialist economy. The information presented below is based on laws, regulations, and practices as of June 2018.
Personal income tax (PIT) rates are reduced from 17% to 16.5% and from 23% to 22.5%, respectively.
The rate of contributions to the individual accumulative pension system increases from 1% to 2%. Please be reminded that this is not an additional contribution and merely reduces PIT payable to the state budget.
Land tax rates for individuals and water use tax rates for individuals are raised by approximately 15%.
Property tax rate for individuals decreased from 1.7% to 0.2%. Tax rates for individuals owning flats and houses in cities with the total area of more than 200 and 500 square metres decreased from 2.1% to 0.25% and from 2.9% to 0.35%, respectively.
As of 1 December 2017, minimum monthly wage (MMW) is increased from 149,775 Uzbekistani som (UZS) to UZS 172,240. MMW affects, among others, calculation of salaries in public sector, retirement pensions, statutory fines and duties, etc.