First: what this article is not
It is not tax advice. Every rate and threshold below was read from the Tax Code and carries the act that amended it, but which regime suits your situation is not something this article can say. The figures move almost every year: several of those below were changed by Law OʻRQ-1108 of 25 December 2025 with effect from 1 January 2026. Confirm with a tax specialist before acting.
1. What happens by itself
Two things need no separate errand after registration:
- STIR, the taxpayer identification number, is assigned automatically and in real time as the application is built (Cabinet Res. 66, Annex 4, ch. 3, para. 11);
- statistics registration is pushed automatically no later than the following day (same annex, para. 12).
There is no separate "register with the tax office" step.
2. The tax regime: the choice is made during registration
The most important sentence in this article: a newly established legal entity may choose turnover tax from the day of state registration, by stating the chosen taxation regime while the business entity is being registered (art. 462; in the edition of OʻRQ-1108, in force 1 January 2026).
Absent that choice, the general regime applies. Uzbek legal entities are VAT payers under art. 237, and turnover tax is a special regime elected instead of paying VAT and profit tax (art. 462).
| General regime | Turnover tax | |
|---|---|---|
| What is paid | VAT 12% (art. 258) + profit tax 15% (art. 337, "remaining taxpayers") | 4% of total income (art. 467) |
| Who | All legal entities (art. 237) | Legal entities whose total income in the tax period does not exceed 1bn soʻm (art. 461) |
| Tax period | One month for VAT (art. 259) | Calendar year; reporting period one month (art. 469) |
For retail the turnover-tax rate varies by location: 4% in cities of 100,000 people or more, 2% in other settlements, 1% in hard-to-reach and mountainous districts; 4% on tobacco turnover wherever the outlet is (art. 467).
Who cannot use turnover tax at all
Article 461 part two excludes fifteen categories. The first matters most to this platform's reader:
A company that imports cannot use turnover tax. Legal entities bringing goods across the customs border are excluded by art. 461 part two item 1, and under art. 462 they move to VAT and profit tax from the date the import contract is concluded or the goods are imported — whichever is earlier.
The rest: producers of excisable goods and mineral extractors; agricultural producers with 25 hectares or more of irrigated land; sellers of petrol, diesel and gas; lottery organisers; the trustee of a simple partnership; owners of idle buildings and unfinished construction found to be using them inefficiently; contractors building from centralised financing; stationary retail outlets selling alcohol; markets and trade complexes; tax-adviser organisations; audit organisations; non-profit and budget organisations; businesses trading in medicines and medical goods and providers of medical services; and the manufacture or sale of jewellery.
If you cross the threshold
- During the year, total income exceeding 1bn soʻm — newly established entities included — moves the company to VAT and profit tax from the day that figure is reached (art. 462 part seven).
- For a company registered mid-year the threshold is pro-rated: 1bn soʻm divided by 365, multiplied by the number of days from the registration date to the end of the calendar year. Exceed that and the company moves to the general regime from the year following registration (art. 462 part eight).
Both are in the edition of OʻRQ-1108, in force 1 January 2026.
Leaving and coming back
Leaving turnover tax voluntarily takes effect from the 1st of the month after the application is filed. A company that voluntarily moved to VAT and profit tax may return to turnover tax no sooner than twelve months later (art. 462). An existing company moves to turnover tax from the next tax period, notifying the tax office no later than ten days before that period begins.
What the regime does not remove
Paying turnover tax does not release a taxpayer from the duties of a tax agent, from issuing invoices, or from keeping the purchase and sales ledgers (art. 462).
3. The bank account
The procedure is in Central Bank Instruction No. 3420 of 08.02.2023. The list is shorter than expected: for a resident legal entity that is a business entity, para. 11 requires three things:
- an application to open the account;
- two signature-sample cards;
- the identity document of the person authorised to sign payment documents — the original biometric passport, ID card or new-format driving licence, or its electronic form issued through the Single Portal and/or the "Ijtimoiy karta" app (in the edition of Central Bank Board decision 26/10 of 27.10.2025).
Neither the founding documents nor the registration certificate are required — the same answer para. 19 of Cabinet Resolution 66 gives from the other side. By contrast, legal entities that are not business entities (para. 12) must file their founding documents and a tax-registration certificate: the brevity of para. 11 is deliberate.
Two more rules work for the customer: banks are forbidden to demand documents the Instruction does not list (para. 6), and forbidden to require a seal from business entities (para. 5; under art. 3 of OʻRQ-1137 a seal is a right, not an obligation).
How quickly
- Once the documents are in, the bank must open the account no later than the next working day;
- for non-residents, natural or legal, no later than 15 days after all documents are submitted (para. 6).
Two different residence tests are at work here
The deadline turns on the client's residence: an MChJ registered in Uzbekistan is a resident legal entity, whoever founded it.
Remote opening turns on the founders' residence: paras. 6 and 8 give it to legal entities whose founders are Uzbek residents, to individual entrepreneurs, and to IT-Park resident legal entities whose founder is a non-resident.
In practice: for an ordinary MChJ with a foreign founder the Instruction provides no remote route, while for an IT-Park resident it does. The Instruction does not say such a company cannot have an account at all — only that the remote route is not offered to that category.
Opening an account remotely during registration itself is done by accepting the bank account contract offer in the automated registration system or on the bank's website (para. 8).
4. The first deadlines
For turnover tax (art. 470, in the edition of OʻRQ-1108):
- for the reporting period (one month) — no later than the 15th of the following month;
- for the tax period (calendar year) — no later than 15 February of the following year;
- payment — no later than the filing deadline.
The VAT tax period is one month (art. 259).
What this article does not cover
Worth stating plainly, because these arise immediately after registration too:
- Social tax and employee reporting — the obligation starts with the first salary paid to a director. Not checked for this article;
- the reduced rates in art. 337 items 1–11, and items 3–5 of the art. 467 rate table;
- currency control beyond art. 51 of OʻRQ-598.
The registration procedure itself, and what differs for foreign founders, are separate articles.