UZBEKISTAN \u00a0\u00b7\u00a0 TAX ADVISORY<\/p>\n
Bond Stone advises foreign investors on VAT in Uzbekistan \u2014 the 12% standard rate (frozen until 2028 under Presidential Decree No. UP-229), VAT registration obligations, import VAT, reverse charge VAT on services received from foreign suppliers, and VAT exemptions applicable to SEZ goods flows and specific investment transactions.<\/p>\n
Primary authority: Tax Code of the Republic of Uzbekistan (VAT provisions, as amended by Law No. ZRU-1013 dated 24 December 2024); Presidential Decree No. UP-229 dated 28 December 2024. Verify 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 Standard VAT rate \u2014 12% (stable until 2028)<\/p>\n The standard VAT rate in Uzbekistan is 12% \u2014 stable until 1 January 2028 under Presidential Decree No. UP-229 dated 28 December 2024. This rate stability provides investors with certainty for investment planning and financial modelling. VAT is levied on: the supply of goods and services in Uzbekistan by VAT-registered taxpayers; the import of goods into Uzbekistan; and the receipt of services from foreign suppliers where the place of supply is deemed to be Uzbekistan. The standard rate has remained at 12% following the 2019 tax reform.<\/p>\n<\/div>\n VAT registration threshold<\/p>\n All legal entities with annual turnover exceeding UZS 1 billion are required to register for VAT under the standard tax regime. Entities below the UZS 1 billion threshold may opt for the simplified turnover tax regime \u2014 under which turnover tax replaces both CIT and VAT. Permanent establishments of foreign legal entities in Uzbekistan are subject to VAT registration regardless of turnover. Bond Stone advises on VAT registration obligations for foreign investors establishing operations in Uzbekistan.<\/p>\n<\/div>\n Import VAT<\/p>\n Goods imported into Uzbekistan are subject to VAT at the point of importation \u2014 12% on the customs value plus customs duties. Import VAT is generally recoverable by VAT-registered importers as input VAT. Certain goods benefit from customs duty and VAT exemptions on importation \u2014 including equipment imported for hotel, business centre, and retail store construction and renovation projects (until 1 March 2026), and textile production raw materials (until 1 January 2027). Bond Stone advises on import VAT planning for investors importing equipment, components, and raw materials into Uzbekistan.<\/p>\n<\/div>\n Reverse charge \u2014 services from foreign suppliers<\/p>\n Services received from foreign suppliers are subject to reverse charge VAT where the place of supply is deemed to be Uzbekistan \u2014 the Uzbek recipient accounts for output VAT on the service value. Common affected services include management services, technical advisory, IT services, and licences received from foreign group entities. Note: in addition to VAT, payments to foreign entities for services (including management and consulting services), royalties, and rents are subject to WHT at 20% under the Uzbek Tax Code \u2014 DTT access may reduce this rate. The reverse charge output VAT is deductible as input VAT by the Uzbek recipient (subject to normal input VAT deduction rules). Bond Stone advises on reverse charge VAT obligations for foreign-invested Uzbek entities receiving intercompany services.<\/p>\n<\/div>\n VAT exemptions \u2014 key categories<\/p>\n The Uzbek Tax Code provides VAT exemptions for: exports of goods (0% rate); certain financial and insurance services; educational services (specific categories); and goods and services within certain government programmes. From 1 April 2024, VAT exemptions for medical services, medicines, and veterinary products were abolished \u2014 these are now subject to VAT at the standard 12% rate. Bond Stone advises on the VAT treatment of specific supply categories as part of investment structuring mandates.<\/p>\n<\/div>\n SEZ \u2014 VAT treatment of goods<\/p>\n Goods imported into Uzbekistan’s Special Economic Zones are subject to specific VAT treatment \u2014 SEZ residents may benefit from VAT deferral or exemption on goods within the SEZ perimeter under the applicable SEZ operating conditions. When goods are transferred from the SEZ into the Uzbek domestic market, VAT becomes payable. Bond Stone advises SEZ residents on managing VAT compliance under the SEZ customs procedure and on the VAT implications of goods flows between the SEZ and the domestic market.<\/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 VAT Registration \u2014 Foreign Investor<\/p>\n VAT \u00b7 Uzbekistan \u00b7 Corporate<\/p>\n Advising a foreign investor establishing an Uzbek subsidiary on VAT registration \u2014 turnover threshold analysis, standard vs simplified tax regime decision, VAT registration procedure, and ongoing quarterly filing obligations.<\/p>\n<\/div>\n Import VAT \u2014 Equipment Importation<\/p>\n VAT \u00b7 Uzbekistan \u00b7 Manufacturing<\/p>\n Advising on import VAT for equipment imported into Uzbekistan \u2014 recovery of import VAT as input VAT, available equipment import VAT exemptions, and interaction with SEZ goods procedures as an alternative to outright importation.<\/p>\n<\/div>\n Reverse Charge \u2014 Intercompany Services<\/p>\n VAT \u00b7 Uzbekistan \u00b7 Corporate<\/p>\n Advising on reverse charge VAT on management fee and technical services payments to a foreign parent \u2014 output VAT accounting, input VAT recovery, and net VAT position for the Uzbek subsidiary.<\/p>\n<\/div>\n Medical Services \u2014 VAT Change 2024<\/p>\n VAT \u00b7 Uzbekistan \u00b7 Healthcare<\/p>\n Advising a pharmaceutical and healthcare investor on the abolition of the VAT exemption for medical services from 1 April 2024 \u2014 impact on pricing, VAT registration obligations, and restructuring supply arrangements to manage the VAT cost.<\/p>\n<\/div>\n SEZ Goods \u2014 VAT Compliance<\/p>\n VAT \u00b7 Uzbekistan \u00b7 SEZ<\/p>\n Advising an SEZ resident on VAT compliance for goods imported into the SEZ \u2014 VAT treatment within the SEZ perimeter, VAT trigger on transfer to the domestic market, and documentation requirements for SEZ goods flows.<\/p>\n<\/div>\n Simplified Tax Regime \u2014 Threshold Planning<\/p>\n VAT \u00b7 Uzbekistan \u00b7 Corporate<\/p>\n Advising a small foreign-invested Uzbek entity on the VAT registration threshold \u2014 comparing the standard CIT and VAT regime against the simplified turnover tax regime, and threshold monitoring as the entity grows.<\/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 VAT in Uzbekistan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> UZBEKISTAN \u00a0\u00b7\u00a0 TAX ADVISORY VAT in Uzbekistan Bond Stone advises foreign investors on VAT in Uzbekistan \u2014 the 12% standard rate (frozen until 2028 under Presidential Decree No. UP-229), VAT registration obligations, import VAT, reverse charge VAT on services received from foreign suppliers, and VAT exemptions applicable to SEZ goods flows and specific investment transactions. […]<\/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-4822","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\/4822","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=4822"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4822\/revisions"}],"predecessor-version":[{"id":4824,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4822\/revisions\/4824"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4822"}],"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 Transfer Pricing<\/a>
\n\u2190 Tax Advisory Hub<\/a>
\n\u2190 Tax Advisory Hub<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"