How wealth tax works in Uzbekistan
Uzbekistan has no recurring net wealth tax. Bank balances, listed securities, private company shares, jewellery, crypto assets and foreign assets are not taxed each year simply because an individual owns them.
The practical asset taxes are narrower. Real estate and land can be subject to property or land taxes, companies pay property tax on qualifying assets, and transactions or imports may trigger VAT, customs duty, excise tax or registration costs.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Net worth tax
- 0%
- Annual asset tax
- 0%
- Standard VAT
- 12%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsProperty ownersFamily officesHigh earnersRegional operators
Watch out for
- No wealth tax does not mean real estate is tax-free. Property tax and land tax may apply depending on the asset, owner and location.
- Legal entities generally face 1.5% property tax on taxable immovable property, with minimum tax bases by location and market-value changes from 2026.
- Foreign tax residence can still expose an individual to foreign wealth, reporting or investment-income rules.
Frequently asked questions
Does Uzbekistan have a wealth tax?
No. Uzbekistan does not impose a net wealth tax or annual net worth tax on individuals.
Are foreign assets taxed in Uzbekistan?
Uzbekistan does not tax assets merely because they are owned, but tax residents are taxed on worldwide income produced by assets.
Does Uzbekistan tax property?
Yes. Property tax and land tax can apply separately from wealth tax, especially for real estate and business assets.