The Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′.
The property tax (residential houses, flats, countryside houses, garages, and other premises) rose from 1.5% to 1.7%, except for property located in cities and exceeding 200 square meters.
Tax rates for 200-500 square meter houses and flats in cities rose from 1.8% to 2.1%, while taxes on property exceeding 500 square meters increased from 2.5% to 2.9%.
Taxes on 200 square meter houses and flats in other populated areas are now rated at 2.1%.
The inventory value of property is calculated according to cadastral documents, but is never less than 3 million soums, the minimum tax sum.
If the inventory value hasn’t been calculated by authorities, the tax will be levied under the notional value of 20,328 soums in Tashkent and regional centers and 8,833 soums in other cities and rural areas.
The tax on newly built but unregistered houses is two times that of the notional value.
Under the tax privilege scheme under the law, the tax-exempt area is 60 square meters of the total area.
The taxes are calculated by the state tax service assigned to the area where the property is situated. The service draws on data provided by estate registration authorities.
The tax on individuals’ property is based on the inventory value of the property as of January 1, under the current rates.
The assessment notice is delivered to taxpayers by the state tax service yearly, not later than May 1, on signature or any other way, confirming the fact and data of servicing.
The property tax is to be paid before October 15. (UzReport/Business World Magazine)