Uzbekistan tax alert – 2026 legislative changes

TAX RATES

The main tax rates remain unchanged:

• 15% — Corporate income tax (CIT)
• 12% — Personal income tax (PIT)
• 1.5% — Property tax
• 12% — Value added tax (VAT)
• 12% — Social tax
• 4% — Turnover tax*

*For legal entities, the turnover tax rate remains unchanged at 4%. A new taxation regime is proposed for individual entrepreneurs (IEs) and self-employed persons, as described below.

IEs AND SELF-EMPLOYED PERSONS

From 1 January 2026, a 1% turnover tax will apply to IEs and self-employed persons with a turnover of up to UZS 1 billion.

The following provisions will be abolished:

• Payment of fixed-amount PIT for IEs
• Turnover tax exemption for self-employed individuals with income not exceeding UZS 100 million

TAX INCENTIVES FOR TRANSITION TO THE GENERAL TAXATION REGIME

Taxpayers transitioning for the first time from the turnover tax regime to the VAT and CIT regime will be eligible for the following incentives:

1. One-year CIT exemption (currently, the CIT rate is halved to 7.5%)
2. Monthly deduction of accounting service expenses (capped at 3.5 times the minimum monthly wage) from taxes due over a six-month period.

E-COMMERCE

For taxpayers engaged in e-commerce (goods, work, or services), preferential rates for CIT and turnover tax will be abolished.

• Until 31 December 2025: CIT — 10%, turnover tax — 3%
• From 1 January 2026: CIT — 15%, turnover tax — 4%

CORPORATE INCOME TAX

The threshold for mandatory advance CIT payments will increase from UZS 10 billion to UZS 20 billion (based on the taxpayer’s total income for the calendar year).

AGRICULTURAL PRODUCTION

From 1 January 2026, sale of agricultural produce grown by agricultural producers will be subject to a zero VAT rate.

EXCISE TAX

Alcoholic products:

By July 2026, excise tax rates will be equalized for local producers and importers.

Petroleum and tobacco products:

The excise tax rate will increase by 7% as follows:

• From 1 February 2026 – cigars, tobacco, and tobacco sticks
• From 1 April 2026 – production and sale of petroleum products
• From 1 July 2026 – filtered and unfiltered cigarettes

Sugar-containing beverages and energy drinks:

From 1 April 2026, progressive excise tax rates will apply, depending on the sugar content per 100 ml of the beverage.

For energy drinks, excise tax will be increased from UZS 2,000 to USZ 2,150 per liter.

The UZS 500 per liter rate will also apply to beverages containing sweeteners instead of sugar.

If the sugar content is not disclosed, the highest excise rate – UZS 535 per liter – will apply.

Beverages produced and sold by catering establishments and IEs will be exempt from excise tax.

Chips:

From 1 April 2026, an excise tax of UZS 15,000 per kg will apply to potato chips.

RESOURCE TAXES

The following rates will be indexed by 7%:

• Land tax
• Property tax (minimum taxable value)
• Subsoil use tax
• Water use tax
• Minimum rental rates used for taxing income earned by individuals and legal entities from leasing property

OTHER CHANGES

Single fine

A single fine will apply if tax reports for several types of taxes are not submitted within the reporting period.

Fine payment deadlines

Following field tax audits, fines may be paid in equal installments over a six-month period.

Tax reporting

Tax reports on property tax and land tax (for legal entities), PIT and social tax, turnover tax, and VAT will be generated by tax authorities.

VAT refund

VAT may be refunded on export transactions for goods sold through marketplaces.

Tax audit

The tax authority may not re-examine the same circumstances during a desk audit, nor conduct a preliminary review for any period that is under tax audit or for which a tax audit has been completed.

Debt collection

A procedure will be introduced allowing tax arrears to be collected directly from the taxpayer’s debtors.