Accounting Outsourcing and
Tax compliance in Uzbekistan
Uzbekistan– Accounting Outsourcing and Tax Compliance
Uzbekistan in facts
Corporate income tax (CIT)
Value-added Tax (VAT)
Personal Income tax (PIT)
Payroll related taxation
Import/ Export related taxation
It is duty on all imports. Clearance at the point of entry of products into the country is critical. Nonetheless, there are limits to how much you can charge for a particular value of the goods. The custom tax rates will range from 5% to 70% depending on a number of factors. Also, a clearance fee is subject to imports which is set at 0.2%.
Subject to how clearance fee should be evaluated, it should not exceed USD 3,000 and a minimum of USD 25.
The rate ranges from 5% to 70%. Just like customs, excise duty is based on the value of the product where the rates apply. Cigarettes, alcohol and petrol are subject to this duty.
Apart from the above products, services due to mobile communication are also excisable. This is in addition to the sale of alcohol, and liquefied petroleum gas (LPG). In the production of cigarettes, a fix rate for the same will apply.
All these government directives, through the tax laws, add weight to how one should account for taxation in Uzbekistan. With a clear understanding of the rates and which products or incomes should be taxed at what rate, life becomes easier.