Profit tax in brief

Who pays

Resident legal entities and sole proprietors above the threshold (or who switched voluntarily). Turnover tax payers do not pay profit tax (Tax Code, article 294).

Rates (Tax Code, article 337)

• Standard — 15.0%.
• Banks, mobile operators, market and trade complex services and others — 20 %.
• Dividends — 5 %.
• Social sector, agricultural producers — 0 %.
• Businesses on simplified VAT — 0.0%, with no profit tax return to file (UP-100, clause 6).

Reliefs

• Moving from turnover tax for the first time from 2026 — exempt for one tax period after the year of the move (except dividends and interest; Tax Code, article 337, part 13).
• First exceeding total income of UZS 10 billion — the rate is cut by 50 % in the current and next year (up to UZS 100 billion; Tax Code, article 337, part 7).

Deadlines

• Tax period — year; reporting period — quarter.
• Quarterly return — by the 20th of the following month; annual — by 1 March of the following year (Tax Code, article 339).
• Payment — no later than the return deadline. If last year's total income exceeded UZS 20 billion — monthly advances by the 23rd (Tax Code, article 340).