Deputy PM Kuchkarov details which taxes will rise and which will stay unchanged in 2026

According to Kuchkarov, rates for the main types of taxes will remain unchanged next year.

“In 2026, the base corporate income tax rate will remain at 15 percent, personal income tax at 12 percent, and the social tax at 12 percent. The turnover tax (4 percent), value-added tax (12 percent), and the corporate property tax rate (1.5 percent) will also remain unchanged,” the Deputy Prime Minister said.

At the same time, the Budget Framework for 2026–2028 envisages changes to several other tax rates. Starting January 1, 2026, tax rates on land, property, and the use of water resources will be increased by 7 percent. Fixed tax rates for subsoil use, as well as minimum rental payment rates applied for taxation of individuals and legal entities leasing out property, will also rise by 7 percent.

From January 1, 2026, businesses engaged in the electronic sale of goods, works, and services will pay corporate income tax at 15 percent (currently 10 percent) and turnover tax at 4 percent (currently 3 percent).

Kuchkarov also announced that progressive excise tax rates will be introduced from April 1, 2026, on energy and soft drinks containing sugar or sweeteners. Under the new system, higher sugar content will result in higher taxes. If a drink contains up to 5 grams of sugar per 100 milliliters, the tax will remain at UZS 500 per liter. If sugar content is 5–10 grams, the tax will be UZS 515 per liter, while drinks containing more than 10 grams of sugar will be taxed at UZS 535 per liter.

Drinks containing sweeteners other than sugar will be taxed at UZS 500 per liter. The excise tax rate for energy and soft drinks will be set at UZS 2,150 per liter.

From April 1, 2026, excise tax rates on the production and sale of petroleum products to end consumers will be increased by 7 percent.

The minister also said that, starting April 1, 2026, an excise tax of UZS 15,000 will be introduced for each kilogram of ready-to-eat potato chips. The tax will be paid by legal entities producing potato chips and by importers bringing the product into Uzbekistan.

From January 1, 2016, enterprises transitioning from paying turnover tax to value-added tax and corporate income tax will be exempt from corporate income tax for one year. In addition, a mechanism will be introduced allowing them to deduct accounting expenses from tax liabilities for six months. The deduction will apply to the portion of monthly accounting costs not exceeding 3.5 times the minimum wage.

From next year, the revenue threshold for businesses required to make monthly advance payments of corporate income tax will be raised from UZS 10 billion to UZS 20 billion.

“Companies that build social infrastructure at their own expense – including electricity, gas, heating, water supply, sewerage systems, and roads – and transfer these facilities free of charge to relevant utility organizations will be allowed to deduct these expenses from corporate income tax,” Kuchkarov said.

Starting in January, individual entrepreneurs and self-employed persons with annual turnover of up to UZS 1 billion will pay turnover tax at a reduced rate of 1 percent, down from the current 4 percent. In addition, from next year, a zero VAT rate will be introduced for the sale of agricultural products grown by producers. Any negative VAT balance will be refunded automatically within three days.