Tax Compliance and Reporting
Crowe TAC prepares and files your tax returns and advises you on managing tax risks as Uzbekistan's tax regulations change.
Crowe TAC Uzbekistan
Tax Compliance & Reporting Services in Uzbekistan
Tax requirements in Uzbekistan keep changing, with regular amendments to the Tax Code, wider electronic reporting and growing attention to transfer pricing and international tax rules. Local companies, participants of free economic zones, subsidiaries of multinational groups, family-owned businesses and SMEs all need to understand these requirements and manage their tax risks. Non-compliance can lead to penalties.
Scope of Our Tax Services
Our tax compliance services include tax registration, preparation and filing of tax returns, tax accounting reviews, transfer pricing compliance and ongoing support in communication with the tax authorities.
Partners on Every Engagement
Our partners are personally involved in every engagement. We bring technical knowledge and practical experience to complex tax matters across industries and advise you as regulatory requirements change.
Key Tax Compliance Requirements in Uzbekistan
The Tax Code governs the tax system of Uzbekistan, which applies to legal entities and individual entrepreneurs, subject to specific exemptions, special tax regimes and incentives.
Key features include:
01
Corporate income tax, VAT, property and other taxes calculated in line with the Tax Code.
02
Tax incentives for participants of free economic zones, subject to meeting certain conditions.
03
Mandatory registration and annual tax return filing requirements.
04
Transfer pricing documentation obligations.
05
Enhanced tax governance and record-keeping requirements.
Who Must Comply?
Legal entities registered in Uzbekistan.
Participants of free economic zones.
Foreign entities with a taxable presence in Uzbekistan.
Individual entrepreneurs and certain professional businesses.
Natural persons conducting business activities exceeding prescribed thresholds.
The tax authorities may impose penalties if you miss registration and filing deadlines.
Tax Filing Requirements
Registered businesses must meet periodic and annual tax reporting obligations, including:
Preparation of taxable income calculations.
Review of financial statements.
Tax return preparation.
Maintenance of supporting documentation.
Timely electronic submission to the tax authorities.
Our tax filing services in Uzbekistan help you reduce compliance risks and support accurate reporting.
Taxation in Free Economic Zones
If you operate in a free economic zone, you need to understand the tax implications to maintain your tax efficiencies.
Meeting investment and activity requirements.
Applying incentives to eligible income and assets.
Meeting transfer pricing requirements.
Mandatory audit requirements.
Tax Incentives
Participants of free economic zones may benefit from tax incentives for a defined period, subject to conditions set by the legislation. Our advisors assess your eligibility and advise on meeting these conditions under the latest regulations.
International Tax Considerations
Businesses that belong to international groups face additional compliance considerations in Uzbekistan.
The OECD's BEPS Pillar Two framework aims to subject large multinational enterprise groups to a minimum effective tax rate in each jurisdiction where they operate.
The rules generally apply to multinational enterprise groups with consolidated annual revenues of at least EUR 750 million in at least two of the previous four fiscal years.
Pillar Two brings new compliance, reporting, governance and tax calculation requirements for multinational groups, including their subsidiaries in Uzbekistan.
Our International Tax Advisory Services
We help you determine whether your business falls within the scope of Pillar Two by reviewing:
- Consolidated revenue thresholds.
- Group structures.
- Consolidation requirements.
Pillar Two Impact Assessments
We assess the potential implications of Pillar Two for your business through:
- Effective Tax Rate (ETR) calculations.
- Top-up Tax modelling.
- Safe Harbour assessments.
- Substance-Based Income Exclusion reviews.
- Tax exposure analysis.
- Group reporting support.
Pillar Two Readiness Support
Our specialists provide:
- Top-up tax calculations at group level.
- Documentation support.
- Compliance readiness reviews.
International Tax & Structuring Advisory
We support organizations with:
- Group restructuring reviews.
- Cross-border tax optimization.
- Mergers and acquisitions advisory.
- Tax-efficient operating structures.
- Global tax governance frameworks.
Why Choose Crowe TAC
Businesses across Tashkent and Uzbekistan choose Crowe TAC because of our:
Tax consultants, in a team that includes ACCA-qualified specialists.
Transfer pricing specialists.
International tax and Pillar Two expertise.
Presence in Tashkent since 1997.
Knowledge of Uzbekistan tax regulations.
Membership of Crowe Global, a network of 200+ firms in 145+ countries.
Practical approach to compliance and risk management.
Support across registration, filing, planning and ongoing compliance.
We scope tax filing, registration assistance, transfer pricing support and ongoing compliance management around your business objectives. Our tax specialists work alongside our consulting and corporate finance teams, so you deal with one team that sees your finances as a whole.
Frequently Asked Questions
Depending on their activities and tax regime, businesses typically report corporate income tax, VAT, property and land taxes, and payroll-related and withholding taxes.
Legal entities, individual entrepreneurs and foreign companies with a taxable presence in Uzbekistan must register with the tax authorities.
Deadlines depend on the type of tax and the reporting period. Our team maintains a compliance calendar and tracks the filing date for each return.
Participants of free economic zones may benefit from tax incentives for a defined period, subject to meeting the prescribed conditions.
Pillar Two refers to the OECD Global Minimum Tax initiative for large multinational enterprise groups.
Multinational enterprise groups with consolidated annual revenues of EUR 750 million or more in at least two of the previous four fiscal years may fall within the scope of Pillar Two.
Crowe TAC provides scoping assessments, impact assessments, governance reviews, data readiness assessments and international tax advisory services.