Uzbekistan to raise property and water taxes in 2025

Starting January 1, 2025, the property tax rate for individuals will increase by 10%, with rates calculated based on property size and location:

•  0.34% for properties up to 200 square meters across Uzbekistan,
•  0.45% for urban properties between 200–500 square meters and rural properties over 200 square meters,
•  0.6% for urban properties larger than 500 square meters.

Corporate property tax rates will also increase slightly from 0.6% to 0.65%. Additionally, the minimum property valuation per square meter will be updated: Tashkent's valuation will rise to 3.3 million UZS, regional centers to 2.2 million UZS, and other areas to 1.3 million UZS.

In the agricultural sector, companies planting orchards, vineyards, and mulberry plantations will now be subject to a 50% reduced land tax rate, whereas they were previously tax-exempt.

Water resource taxes are also set to increase. Industrial enterprises, power plants, and beverage producers will face a 10% increase in these rates, while the tax rate for other enterprises will align with the new industrial rate: 700 UZS per cubic meter for surface water and 850 UZS per cubic meter for groundwater. For car washes, the water resource tax will rise significantly from 2,700 UZS to 15,000 UZS per cubic meter.

Agricultural producers using water-saving technology and meters will benefit from a reduced tax rate, with a 0.5 reduction factor for those employing both. Those without such measures will incur a 1.1 multiplier.

The extraction tax rates for natural resources will also see changes:

•  5,000 UZS per cubic meter for sand-gravel mixtures,
•  20,000 UZS plus 5% of the market value for marble,
•  30,000 UZS plus 5% of the market value for granite and other decorative stones.

These tax policy updates aim to balance revenue generation with environmental sustainability and resource conservation.