Uzbekistan’s tax revenues reach $13bn in 9M25, up 18% y/y

Uzbekistan’s tax revenues reached UZS 158.7 trillion ($13bn) in the first nine months of 2025 — an 18% year-on-year increase — driven by strong growth in profit, VAT, and personal income taxes, as well as notable regional gains led by Navoi, Fergana, and Tashkent.

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Tax revenues in Uzbekistan totaled UZS 158.7 trillion ($13bn) in the first nine months of 2025, marking an 18% increase compared to the same period last year, the State Tax Committee reported.

According to the committee, profit tax remained the largest contributor to the budget, generating UZS 35.4 trillion ($2.9bn). Value-added tax (VAT) brought in UZS 32.5 trillion ($2.7bn), up 14% year-on-year, while Personal income tax (PIT) reached UZS 30.3 trillion ($2.5bn), reflecting a 19% rise.

Other key sources of revenue included:

  • Subsoil use tax — UZS 16 trillion ($1.3bn) (+24%)
  • Excise tax — UZS 14.4 trillion ($1.2bn) (+14%)
  • Non-tax revenues — UZS 13.8 trillion ($1.1bn) (+30%)
  • Land tax — UZS 7.2 trillion ($590.4mn) (+20%)
  • Property tax — UZS 6 trillion ($492mn) (+16%)
  • Turnover tax — UZS 2.4 trillion ($196.8mn) (+12%)
  • Water use tax — UZS 0.7 trillion ($57.4mn) (+16%)

Regional performance also showed notable growth. Tax revenues across the regions rose by 27% over the nine-month period and by 30% in the third quarter alone. The strongest gains were recorded in Navoi region (+86%), followed by Fergana (+39%), Tashkent (+33%), and Syrdarya (+32%).

The Tax Committee also issued a warning to entrepreneurs, urging them to avoid cooperation with informal or suspicious entities. It published a list of over 7,500 such “entrepreneurs” identified as potentially operating outside the legal framework.

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