From 2026, Uzbekistan will raise taxes on e-commerce, excise goods, and mineral resources, index property taxes, provide VAT relief for agricultural products, and offer incentives for small business growth.
Uzbekistan’s Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025.
A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing predictability for enterprises navigating the next three-year horizon. The sources confirm that the standard base corporate Profit Tax rate will remain stable at 15% through 2026. Similarly, the Value Added Tax (VAT), a significant component of state budget revenue, is maintained at 12%.
The main tax measures include:
Increase in corporate income tax rate
The proposal raises the corporate income tax rate for entities engaged in the electronic sale of goods, works, and services from the current 10% to 15%. This follows the previous increase in January 2025, when the rate was raised from 7.5% to 10%.
Increase in turnover tax rate for e-commerce businesses
The turnover tax rate for e-commerce businesses is also set to rise, moving from 3% to 4%.
Business growth incentives
To encourage small businesses operating under the turnover tax regime to transition to full VAT and profit tax payers, the government plans to offer significant temporary relief. Newly converted taxpayers will be exempt from profit tax for one year. Furthermore, they can deduct up to 3.5 times the minimum wage equivalent of their monthly accounting service expenses from their tax payments for six months.
Administrative thresholds
To ease the financial burden on mid-sized enterprises, the threshold for monthly advance payments of corporate profit tax will be doubled from UZS 10 billion to UZS 20 billion, effective 1 January 2026.
Resource and property taxes
From 1 January 2026, land tax, property tax, and water resource tax rates will be indexed by 7% annually. Local councils will have expanded powers to apply multiplying or reducing coefficients (0.5 to 3.0) to adjust rates.
Increased tax on mineral resource use
Companies extracting gypsum for their own use in manufacturing construction materials will be subject to a 50% tax on the use of subsoil resources.
Agricultural relief
A zero-rate VAT will apply to the sale of agricultural products produced by agricultural producers, effective 1 January 2026.
Excise duties
- Alcohol (vodka, cognac) will face a uniform excise rate of UZS 48,000 per litre, and beer will face a rate of UZS 4,000 per litre, both effective from 1 July 2026.
- Tobacco products, including cigarettes, heated tobacco sticks, and vapes, will see a 7% rate increase starting 1 February and 1 July 2026.
- Sweetened beverages will face new progressive rates based on sugar content, energy/tonic drinks will be taxed at UZS 2,150 per litre, and potato chips will have a new excise of UZS 15,000 per kg.
- Oil products will also see a 7% increase, effective from 1 April 2026.
