According to the presidential resolution "On forecast of main macroeconomic figures and parameters of the state budget of Uzbekistan for 2012", rate of income tax for individuals on the lowest scale (up to five minimal size of salary) decreased from 10% to 9% of income sum.

The rate of mandatory insurance payment of citizen from their salary to off-budget Pension Fund under the Ministry of Finance increased by 1 percentage point to 5.5%.

According to the document, the rate of property tax for individuals rose from 0.75% from inventory cost of the object to 0.9%. Rates for houses and flats, located in cities, with total area between 200 to 500 square meters, rose from 0.9% to 1.1% and over 500 square meters – from 1.13% to 1.35%.

If there is no inventory cost of the object, the cost set at the size of 18.48 million soums for Tashkent city and regional centers. For other cities and rural areas, the cost is set at 8.03 million soums. For new houses, which are not registered in set order, the property tax is equal to two-size of condition cost.

Pensioners, who have taxable property, will not pay property tax for the real estate with the size of 60 square meters.

From 1 January, tax for renting of property, including habitation, is levied based on rent payment, set in the agreement, but not less them minimal rent rate set for use of state real estate for legal entities and habitation rent rates for individuals.

The minimal rent price for 1 square meters of area of habitation per month is set at the size of 3,000 soums for Tashkent, 2,000 soums for Nukus and regional cities, and 1,000 soums for other settlements.

The Government of Uzbekistan also indexed rates of taxes for use of water resources, land tax for individuals and legal entities, excise taxes for some goods, produced in Uzbekistan.

The Government also decreased fixed tax for individuals, who conduct entrepreneurship activity without formation of legal entity (individual entrepreneur), to all types of activities, except retail trade.

The single tax for microfirms and small enterprises set at 6% and for enterprises in industry sector – 5%, the document said.

The income tax for commercial banks remains at 15% and legal entities, organizing entertainment events – 35%. The Government kept preference on income tax for legal entities, which export their products and services: income tax cut by 30% if enterprise exports from 15% to 30% in total volume of realized goods or services; and income tax cut by 50% if enterprise exports from 30% or higher in total volume of realized goods or services.

The enterprises, rendering services, will get 10% discount to income tax if they accept payments with help of plastic cards via POS-terminals.

The document said that the Government of Uzbekistan also kept value added tax at the level of 20% in 2012.