UZBEKISTAN \u00a0\u00b7\u00a0 TAX ADVISORY<\/p>\n
Bond Stone advises foreign investors on withholding tax (WHT) and double taxation treaty (DTT) planning in Uzbekistan \u2014 WHT rates on dividends (10%), interest (10%), and royalties (20%) paid to non-residents, the JSC dividend WHT exemption until 31 December 2028, treaty eligibility, residency certificate requirements, and Uzbekistan’s 55 bilateral DTTs.<\/p>\n
Primary authority: Tax Code of the Republic of Uzbekistan, Articles 337 and 354 (WHT); Uzbekistan bilateral double taxation treaties (55). Verify treaty rates at lex.uz<\/a><\/p>\n <\/p>\n Uzbekistan \u2014 Tax Context 2026<\/p>\n 15%<\/p>\n CIT standard rate \u2014 stable until 2028<\/p>\n<\/div>\n 12%<\/p>\n VAT standard rate \u2014 stable until 2028<\/p>\n<\/div>\n 10%<\/p>\n WHT on dividends to non-residents<\/p>\n<\/div>\n 55<\/p>\n Double taxation treaties<\/p>\n<\/div>\n<\/div>\n<\/div>\n WHT rates \u2014 domestic law<\/p>\n Under the Uzbek Tax Code, the following WHT rates apply to payments to non-resident recipients: dividends \u2014 10% (5% for resident recipients); interest \u2014 10%; royalties \u2014 20%; other Uzbek-source income \u2014 up to 20% depending on income type. These domestic rates are reduced by applicable double taxation treaties. The 20% royalty WHT rate is notably higher than the rates in most of Uzbekistan’s DTTs (typically 5\u201310%) \u2014 making DTT planning particularly important for IP licensing arrangements.<\/p>\n<\/div>\n JSC dividend WHT exemption \u2014 31 December 2028<\/p>\n Dividends paid from shares in Uzbek joint stock companies (JSCs) are exempt from WHT for both resident and non-resident recipients until 31 December 2028. This time-limited exemption makes JSC structuring considerably more tax-efficient than OOO structuring for investors focused on profit repatriation during the exemption period. Bond Stone advises on JSC vs OOO structuring decisions incorporating the WHT exemption benefit and the structural implications of each vehicle.<\/p>\n<\/div>\n Uzbekistan’s DTT network \u2014 55 treaties<\/p>\n Uzbekistan has concluded double taxation treaties with 55 states \u2014 including China, France, Germany, India, Russia, UAE, UK, and USA. DTTs typically reduce: dividend WHT to 5\u201310%; interest WHT to 5\u201310%; and royalty WHT to 5\u201310% (compared to the domestic 20%). Treaty access requires a tax residency certificate issued by the competent authority of the recipient’s home state \u2014 apostilled. Bond Stone advises on treaty-specific rates and the documentation required for compliant treaty access.<\/p>\n<\/div>\n Automatic DTT application<\/p>\n Under the Uzbek Tax Code, WHT on payments to non-residents may be withheld at the reduced DTT rate (or not withheld at all) at the time of payment \u2014 without requiring advance approval from the Uzbek tax authority \u2014 provided the recipient presents a valid apostilled tax residency certificate. This automatic application mechanism reduces administrative burden for compliant treaty access. Bond Stone advises on the documentation package required for compliant automatic DTT application at source.<\/p>\n<\/div>\n Royalty WHT \u2014 critical planning area<\/p>\n The domestic 20% royalty WHT rate is higher than the rates in most of Uzbekistan’s DTTs. However, EY has noted that for some treaty partners, the DTT royalty rate may in practice equal or exceed the domestic rate \u2014 making careful treaty analysis essential before any IP licence arrangement is structured. Bond Stone advises on the applicable treaty royalty rate for specific country combinations before the licence structure is agreed.<\/p>\n<\/div>\n Beneficial ownership and anti-abuse<\/p>\n Treaty benefits are available only to the beneficial owner of the income \u2014 not to conduit entities that merely pass through payments. The Uzbek tax authority applies beneficial ownership analysis to treaty access claims. Structures where an intermediate holding entity has no substantive economic activity and exists primarily to access treaty benefits are at risk of treaty denial. Bond Stone advises on structuring holding arrangements to satisfy beneficial ownership requirements.<\/p>\n<\/div>\n<\/div>\n Bond Stone has provided tax advisory as part of investment structuring mandates in Uzbekistan. Client confidentiality is maintained across all matters.<\/p>\n Dividend WHT \u2014 Chinese Parent<\/p>\n WHT \u00b7 Uzbekistan \u00b7 China<\/p>\n Advising a Chinese parent on dividend WHT planning for an Uzbek manufacturing subsidiary \u2014 China-Uzbekistan DTT analysis, residency certificate requirements, applicable treaty rate, and JSC vs OOO structuring to access the 2028 JSC exemption.<\/p>\n<\/div>\n JSC Structuring \u2014 WHT Exemption<\/p>\n WHT \u00b7 Uzbekistan \u00b7 Corporate<\/p>\n Advising a foreign investor on converting its Uzbek OOO to a JSC to access the dividend WHT exemption until 31 December 2028 \u2014 conversion procedure, share structure, WHT exemption mechanics, and post-2028 planning.<\/p>\n<\/div>\n Royalty WHT \u2014 IP Licence<\/p>\n WHT \u00b7 Uzbekistan \u00b7 IP<\/p>\n Advising on WHT on royalty payments from an Uzbek licensee to a foreign licensor \u2014 20% domestic rate, applicable DTT rate analysis, residency certificate, and transfer pricing compliance for the royalty rate.<\/p>\n<\/div>\n Interest WHT \u2014 Shareholder Loan<\/p>\n WHT \u00b7 Uzbekistan \u00b7 Finance<\/p>\n Advising on WHT on interest payments on a shareholder loan from a foreign parent to an Uzbek subsidiary \u2014 10% domestic rate, applicable DTT rate, residency certificate, and CIT deductibility of interest.<\/p>\n<\/div>\n Beneficial Ownership \u2014 UAE Holding<\/p>\n WHT \u00b7 Uzbekistan \u00b7 UAE<\/p>\n Advising on structuring a UAE holding company to access the Uzbekistan-UAE DTT for dividend WHT reduction \u2014 beneficial ownership substance requirements and documentation to withstand Uzbek tax authority scrutiny.<\/p>\n<\/div>\n Treaty Residency Certificate \u2014 Documentation<\/p>\n WHT \u00b7 Uzbekistan \u00b7 Compliance<\/p>\n Advising on the documentation package required for automatic DTT application at source \u2014 apostilled tax residency certificate, beneficial ownership declaration, and record-keeping requirements for the Uzbek paying entity.<\/p>\n<\/div>\n<\/div>\n Uzbekistan \u2014 Tax Advantages for Investors<\/p>\n \u2726 \u00a015% CIT rate \u2014 stable until 2028 under Presidential Decree No. UP-229<\/p>\n \u2726 \u00a0JSC dividend WHT exemption \u2014 0% until 31 December 2028<\/p>\n \u2726 \u00a0IT Tech Park \u2014 0% income tax until 2028 for qualifying residents<\/p>\n \u2726 \u00a055 DTTs \u2014 reducing WHT on dividends, interest, and royalties to treaty rates<\/p>\n<\/div>\n Uzbekistan \u2014 English Common Law Jurisdiction<\/p>\n Tashkent International Financial Centre (TIFC)<\/p>\n The TIFC \u2014 established March 2026 \u2014 provides tax exemptions until 2076 for qualifying participants. Bond Stone is monitoring the TIFC tax framework as implementing regulations are published.<\/p>\n Tashkent International Financial Centre \u2014 full guide \u2192<\/a><\/p>\n<\/div>\n Why Bond Stone<\/p>\n \u2726 \u00a0Tashkent office \u2014 direct engagement with Uzbek tax authorities<\/p>\n \u2726 \u00a0Ranked Legal 500 EMEA and IFLR1000 \u2014 Tashkent and Almaty offices<\/p>\n<\/div>\n Primary authority: lex.uz<\/a><\/p>\n Contact Bond Stone for a confidential discussion about Withholding Tax & DTT in Uzbekistan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> UZBEKISTAN \u00a0\u00b7\u00a0 TAX ADVISORY Withholding Tax and DTT in Uzbekistan Bond Stone advises foreign investors on withholding tax (WHT) and double taxation treaty (DTT) planning in Uzbekistan \u2014 WHT rates on dividends (10%), interest (10%), and royalties (20%) paid to non-residents, the JSC dividend WHT exemption until 31 December 2028, treaty eligibility, residency certificate requirements, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4816","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.3","language":"ru","enabled_languages":["en","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/comments?post=4816"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4816\/revisions"}],"predecessor-version":[{"id":4818,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4816\/revisions\/4818"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nKey Framework<\/h2>\n
\nExperience<\/h2>\n
\nInvesting in Uzbekistan<\/h2>\n
\nDiscuss your Uzbekistan tax matter<\/h2>\n
\n\ud83d\udcde +7 (701) 729 76 72<\/a><\/p>\n
\n\u2190 Corporate Income Tax<\/a>
\nTransfer Pricing \u2192<\/a>
\n\u2190 Tax Advisory Hub<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"