Are you aware of the income tax rate in Uzbekistan? International ex-patt or foreigner in Uzbekistan must be aware of the tax bracket and income tax rates for each year. This is to help keep track of the changes in tax rate from year to year so that you can keep your spending in check.
The income tax rates in Uzbekistan could be affected by the inflation rate in the economic system in Uzbekistan. These tax bracket changes are measured by the consumer price index which also changes yearly. The Uzbekistan tax brackets for 2022 have been recently updated.
Is Uzbekistan a tax free country? Which country has the highest income tax rate? How many types of taxes are in Uzbekistan?
In this article, you will get to know the newly updated Uzbekistann tax brackets and income tax rates for 2022, how the tax rate in Uzbekistan works, Uzbekistan’s VAT rate, as well as other Frequently asked questions on 2022 personal income tax.
Latest Income Tax Rate in Uzbekistan 2022
Wondering if taxes are high in Uzbekistan! No, at all. Uzbekistan has one of the lowest tax rates in the world. With a very robust economy, it’s the government doesn’t need to place many taxes on the people.
- Personal Income Tax Rate 12.0%
- Corporate Tax Rate 15.0%
- Sales Tax Rate 15.0%
Corporate Tax rats in Uzbekistan 2022.
It is no new that Uzbekistan has one of the finest economies in the world and can be considered a nation worth investing in by investors. However, it is wise to know the corporate tax rate is progressive in Uzbekistan and is presently at 15%.
How many types of taxes are in Uzbekistan?
The standard VAT (Value Added tax) rate is 15% in Uzbekistan and the property tax rate of 0.2% to 4% is levied based on the value and type of the property, on all legal entities and non-resident individuals. There are no local taxes in the country
Uzbekistan has a very friendly income tax rate both for individuals, international expats, and corporate organizations. Need more information about taxes and their rates in Uzbekistan? Then bookmark this page for more.