Question 1

How are tax penalties calculated in Uzbekistan?

Accepted Answer

Penalties are calculated using the formula: overdue amount × (CBU refinancing rate / 300) × number of overdue days. Penalties accrue for each calendar day starting the day after the due date.

Question 2

From which day do penalties accrue?

Accepted Answer

Penalties accrue starting the day after the tax payment deadline expires. They stop accruing on the day the overdue amount is actually paid, inclusive.

Question 3

What is the difference between a penalty and a fine?

Accepted Answer

A penalty is a daily accruing interest for late payment, similar to compensation for using someone else's funds. A fine is a one-time sanction for a specific violation: late declaration filing (20%) or underreporting the tax base (40%). Penalties and fines are assessed independently.

Question 4

What is the CBU refinancing rate?

Accepted Answer

It is the key interest rate of the Central Bank of Uzbekistan, used as the base for penalty calculation. The current value is published on the official CBU website (cbu.uz). We recommend using the current rate in your calculation.

Question 5

Can penalties be avoided?

Accepted Answer

Penalties are not assessed if the tax debt arose from following written guidance from the tax authority. In all other cases, penalties can only be avoided by paying taxes on time.

Sanction Type	Amount
Late payment penalty	CBU rate / 300 per day
Fine for late declaration	20% of tax amount
Fine for underreporting tax base	40% of tax amount

Tax Penalty Calculator

Tax Penalties and Fines in Uzbekistan 2025

Frequently Asked Questions