Tax and Accounting Systems
In the latest review of changes in the legislative framework of the Republic of Uzbekistan would like to note about the effective tax rate applicable on the territory of the Republic of Uzbekistan.
The tax system of Uzbekistan consists of two modes: the single tax and general tax regime. Single tax payers are micro and small enterprises, and enterprises of trade and catering, legal entities in the implementation of the lottery, sweepstakes and other games based on risk.
According Law of the Republic of Uzbekistan “On guarantees of freedom of entrepreneurial activity“ Subjects of small enterprises are as follows:
micro-firms which annual average number of workers employed (i) in production sector - is not more than twenty persons, (ii) in the sphere of services and other non-production sectors - not more than ten persons, (iii) involved in wholesale, retail trade and catering - not more than five persons;
small enterprises which annual average number of workers involved in:
light and food industry, metal-processing and instrument-making industry, woodworking industry, furniture industry and industry of building materials - not more than one hundred persons; machine- building, metallurgy, fuel-energy and chemical industry, production and processing of agricultural products, construction and other production domain - not more than fifty persons;
science, science servicing, transport, communication, sphere of services (with the exception on insurance companies), commerce, catering and other non-production domain - not more than twenty persons.
Other companies fall under the general tax regime. Also, there are taxes that are paid actors both tax regimes. Below is invoked schematic table of the tax system of the Republic of Uzbekistan, as well as tax rates.
Basic taxes and charges levied in the Republic of Uzbekistan in 2016