Taxes on corporate income to reduce in Uzbekistan

Taxes on corporate income to be reduced in Uzbekistan since January 1, 2019.

This is stipulated by Uzbek President's decree "On the Concept of Improving the Tax Policy of the Republic of Uzbekistan".

In particular, it is planned to reduce the corporate profit tax rate from 14 to 12%, for commercial banks - from 22 to 20%, as well as increase for legal entities providing mobile communication services (cellular companies), from 14 to 20% with cancellation for them the order of calculation of the tax on superprofits depending on the level of profitability.

It is also planned to reduce the income tax rate charged at the source of payment, on income in the form of dividends and interest from 10 to 5%.

The above-mentioned concept provides for other changes related to the taxation of legal entities.

“The Qazaq Times”