Uzbekistan plans to keep core tax rates unchanged in 2026

The Ministry of Economy and Finance has presented its draft tax policy for 2026, proposing to maintain the country’s main tax rates at their current levels. The proposal is included in the draft Law “On the State Budget of the Republic of Uzbekistan for 2026” and the accompanying Budget Statement.

Photo: Presidential Press Service

According to the ministry, preserving existing rates is intended to support tax administration stability, safeguard fair competition, encourage healthy lifestyles, strengthen environmental protection, and ensure steady budget revenues — the key medium-term priorities of fiscal policy.

To maintain a predictable environment for businesses, the government plans to retain all current ad valorem tax rates applied to major taxes, including:

Corporate income tax: 15%
Value-added tax: 12%
Personal income tax: 12%
Social tax: 12% (25% for state-owned entities)
Turnover tax: 4%
Property tax for legal entities: 1.5%

For agricultural land, the land tax rate will remain at 0.95%.

However, the draft policy proposes a 7% indexation from 1 January 2026 for purposes of taxing land, property, water resource usage, and minimum land lease payments. The adjustment is intended to reflect changes in economic conditions while keeping the overall tax burden stable.

The ministry emphasizes that continuity in tax rates is crucial for improving the business climate and ensuring predictable, sustainable revenue streams for the state budget.

Prepared by: Дониёр Тухсинов

#economy #tax #budget #VAT