How dividend tax works in Uzbekistan
Uzbekistan dividend tax is generally withheld at source. Resident individuals normally pay 5% on dividends, while non-resident individuals and non-resident companies generally face 10% withholding tax on Uzbekistan-source dividends unless a tax treaty reduces the rate.
{ "A major temporary incentive applies from 1 April 2022 through 31 December 2028": "dividends paid to individuals from shares in joint stock companies are exempt from PIT. For non-resident legal entities, dividends from joint-stock-company shares are subject to a reduced 5% rate during the same incentive period." }
Tax rates at a glance
- Resident individual dividends
- 5%
- Non-resident individual dividends
- 10%
- Non-resident corporate dividends
- 10%
- JSC share dividends to individuals
- 0%
- JSC share dividends to non-resident companies
- 5%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFoundersShareholdersHolding companiesPublic-market investors
Watch out for
- The 0% individual exemption is specific to dividends from shares in joint stock companies and currently runs through 31 December 2028.
- Treaty relief usually requires documentation before payment; otherwise domestic withholding can apply first.
- A shareholder tax resident outside Uzbekistan may still be taxed again in their residence country, with foreign tax credit rules depending on that country.
Frequently asked questions
Does Uzbekistan tax dividends?
Yes. Resident individuals generally pay 5% on dividends, while non-residents generally face 10% withholding tax on Uzbekistan-source dividends.
Are Uzbekistan joint stock company dividends exempt?
Dividends paid to individuals from shares in joint stock companies are exempt from PIT from 1 April 2022 through 31 December 2028.
Can a tax treaty reduce Uzbekistan dividend withholding tax?
Often yes, depending on the treaty, beneficial ownership and documentation. Treaty relief should be checked before payment.