Uzbekistan Salary Wages and Taxes
Salary wages and Taxes
Cost of Employment
Uzbekistan enterprises must pay their Uzbek employees in UZS as per the agreement or the contract and be not less than the minimum wage. The minimum wage should not be less than the salary minimum set by the Uzbek government.
Minimum Salary wage:
Salary – 33.645 sums;
Pension and allowance to disabled from childhood – 66.660 sums;
Allowance to elderly and disabled citizens without the required work experience – 40.375 sums.
Allowance for maternity leave – 70.000 soums.
All privileges and extra payments, bonuses are settled as per the internal agreements. In the places with negative natural conditions (ex, high or cold temperature), pollution, common conditions Employers must pay additional bonuses as per the Labor Code.
Taxes:
Taxation on the Salary: may vary depending on the scale –
Taxes on Wages less than 6 minimum salaries -12%,
Taxes on Wages of the level from 6 to 10 minimum salaries - 17%
Taxes on Wages higher than 10 minimum salaries - 22%,
The Fund of Labor’s payment (Social insurance): 1%,
The Pension Fund taxes: 3.5%.
The Non-budgetary Pension Fund.
Every Citizen and non-citizen of the Republic of Uzbekistan working in the country must be registered in the Pension Fund and be provided with the special Pension Book. An Employer is fully responsible for allotment 1% of every Employee’s salary into the Pension Fund every month. Incase individual businessmen or private collective farms are not officially registered they may obtain non-budgeted Pension Fund. The payment into the Pension Fund must be submitted by Companies on a monthly basis before the tenth of each month. Small companies and microfirms must submit their payment before 25 of each month.
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