Delay in filing or failure to file tax return attracts a penalty of USD 22 to USD 150.

A late tax payment penalty is due at the rate of 0.045% per day generally and 0.06% if the tax payment delay is determined by a tax audit (prior to 2019, the penalty was due at the uniform rate of 0.55%).

Companies operating without registering with the tax authorities are subject to a penalty of up to 50% of net revenue for the relevant period.

Uzbekistan published a decree which provides that penalty will not be imposed effective from 1 January 2022 in the following cases:

• Non-submission of the tax returns by companies within the established time frame; and
• Offenses revealed during the desk tax audit conducted by the tax authorities.

COVID-19 Emergency Measures

Effective 15 September 2021, tax authorities may not enforce the collection of tax arrears as of 31 December 2020 and may not impose penalties incurred for:

• Property tax and land tax levied on legal entities operating in the field of tourism, transport, and public catering;
• Property tax and land tax accrued and not paid by legal entities in 2020 due to temporary difficulties in performing the business activities; and
• Taxes, penalties, and accrued fines that are in arrears for micro and small enterprises as of 15 May 2020.

The provisions apply for the period until 1 January 2022.