Uzbekistan, Republic of


Last reviewed - 06 February 2024

The Republic of Uzbekistan, a double-landlocked country in Central Asia, shares borders with Kazakhstan to the west and to the north, Kyrgyzstan and Tajikistan to the east, and Afghanistan and Turkmenistan to the south. The official language of Uzbekistan is Uzbek, and Russian is the language for international communication. Uzbekistan's capital is Tashkent, and the official currency is the Uzbekistani soum (UZS).

The Republic of Uzbekistan has an immensely rich heritage in terms of culture, art, and natural resources. The monuments that remain throughout the country bear witness to a long and eventful history in which Alexander the Great, Genghis Khan, and Tamerlane the Great all left their marks. The Uzbeks are descendants of nomadic Mongol tribes who mixed with the sedentary inhabitants of Central Asia during the 13th century. The Khanates of Khiva and Kokand and the Emirate of Bukhara ruled the region during the 18th and 19th centuries. Russia became increasingly interested in the region in the 18th century. This interest intensified in the 19th century as Russia and Britain competed for influence in a diplomatic and occasionally military struggle known as 'The Great Game'.

The Central Asian territories initially supported the 1917 Bolshevik revolution in hopes that they could achieve independence from Russia. However, support soon turned to fierce opposition from the nationalist Basmachi movement, and the Soviet forces were forced to withdraw. Soviet power was re-established in September 1919, although armed opposition continued into the early 1920s. On 27 October 1924, the Uzbek Soviet Socialist Republic (UzSSR) was created, and in May 1925 became part of the Union of Soviet Socialist Republics (USSR).

There had been little industrial development in Central Asia under Tsarist rule, although some raw materials were extracted. During World War II, Uzbekistan's industrial base was enlarged by the re-location of factories from the war-zone. Post-war Soviet development policies focused on the exploitation of the country's raw materials, with particularly heavy investment in the production of cotton. By the late 1980s, the republic was producing 90% of the Soviet Union's cotton, one third of its gold, and half of its uranium.

Independent since 1991, Uzbekistan seeks to gradually lessen its dependence on agriculture while developing its mineral and petroleum reserves. Uzbekistan is a dry, double-landlocked country of which 10% consists of intensely cultivated, irrigated river valleys. Around 50% of the population lives in densely populated rural communities. Energy supplies and hydrocarbons, including natural gas and petroleum, provide a significant share of exports. Other major export earners include cotton, food, services, and metals. Uzbekistan is now the world's eleventh-largest cotton exporter and sixth-largest producer.

PwC Uzbekistan has been serving clients in Uzbekistan since 1995, when it opened an office in Tashkent. Currently, 163 professional staff work for the Uzbekistan member firm, in three lines of service: advisory, assurance, and tax and legal services. PwC Uzbekistan offers a wide variety of client services, which have been developed to meet the ever-growing expectations of clients.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)


Corporate income tax (CIT) due dates
CIT return due date

Quarterly: By the 20th day of the month following the reporting quarter;

Annually: By 1 March of the year following the tax reporting year.

CIT final payment due date

By the 20th day of the month following the reporting quarter.

By 1 March of the year following the tax reporting year.

CIT estimated payment due dates

Advance payments are made by taxpayers with annual turnover exceeding UZS 5 billion before the 23rd day each month. The advance payment amounts are calculated by the tax authorities.

Personal income tax (PIT) rates
Headline PIT rate (%)

Residents: 12;

Non-residents: 12

Personal income tax (PIT) due dates
PIT return due date

1 April

PIT final payment due date

1 June

PIT estimated payment due dates

Income tax on remuneration must be withheld by the employer on a monthly basis.

Value-added tax (VAT) rates
Standard VAT rate (%)


Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: 5 / NA / NA;

Non-resident: 10 / 10 / 20

Starting from 1 April 2022 to 31 December 2024, dividend income of non-resident legal entities on shares in joint stock companies is subject to a reduced WHT rate of 5 % (same as the tax rate applicable to residents), while interest income on bonds is exempt from taxation.

Interest paid to non-commercial and budgetary organisations is subject to 15% WHT at the source of payment.

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Residents: Capital gains are subject to the normal CIT rate;

Non-residents: 20

Headline individual capital gains tax rate (%)

Residents: Capital gains are subject to the normal PIT rate;

Non-residents: 12

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.