Changes were introduced in line with the resolution of the President of Uzbekistan Islam Karimov "On forecast of main macroeconomic figures and parameters of State Budget of Uzbekistan for 2015" from 4 December 2014.
The Government introduced “exemption limit” from 1 January 2015. The sum of income, equal to up to one minimal size of salary, will not be taxed.
At the same time, differentiated tax rates were increased by 1 percentage point. The rate of tax will make up 8.5% for income at the size from one to five sizes of minimal salary, 17% - from five to 10 size of minimal salary and 23% - for over 10 size of minimal salary.
The scale of taxation will be determined based on minimal salary set for the beginning of the year. If the minimal salary changes within a year, the scale of taxation will not be reviewed.
It is worth to mention that the individuals will pay income tax, received from renting property, at the rate of 8.5%.