Select a Tax SystemCorporate taxes in Uzbekistan depend on the type of activity:
- VAT: As per Article 237 of the Tax Code of Uzbekistan, all companies selling services or goods pay this tax at a rate of 12%.
- Profit Tax: Companies pay tax on the difference between income and expenses at rates ranging from 0% to 20%, depending on the nature of the business and the leadership. For example, banks pay 20%, while agricultural producers pay 0%.
- Turnover Tax: Companies with an annual income not exceeding 1 billion soums pay this tax at rates from 0% to 4%, depending on the company's location and type of business.
- Personal Income Tax (PIT): Employers pay this tax for employees at a rate of 12%.
- Social Tax: This includes expenses for employee wages, with rates ranging from 1% to 25%.
Additionally, companies may need to pay other taxes, such as
excise tax for producing
excise goods (e.g., tobacco or petroleum products),
land tax for using land plots.As well as tax on the use of water resources (
Article 445) and subsoil (
Article 452), if such is provided for by the activity of the LLC. The rates depend on the type of activity of the business and what is used.
Prepare DocumentsDocuments required for registering an LLC include:
- Employment contracts with the director and accountant of the company.
- Charter of the company, detailing the formation process and size of the authorized fund, responsibilities, and profit and loss distribution among members. It also includes the full and abbreviated name, address, and details of the company, as well as the rights and obligations of the members. The address can be a non-residential property owned or leased.
- Passport of the director. If there are multiple founders, copies of all participants' passports are required.
- Document confirming the payment of the state duty, such as a bank receipt or payment order.
- Company name and seal sketch. It’s important for the entrepreneur to come up with a company name in advance; it can be reserved for 60 days.
- Bank account.