Uzbekistan cryptocurrency tax guide

What this guide covers

This guide covers Uzbekistan's general approach to individual cryptocurrency taxation for the 2025 tax year, based on consistent secondary commentary tracing the current exemption to 2018 presidential resolutions. lex.uz and the official NAPP site weren't directly fetched in this research pass. This is educational information, not individualized tax advice.

Tax treatment of cryptocurrency

Uzbekistan exempts your crypto trading gains from tax entirely for now, but you must trade through a licensed platform, and the exemption itself has an expiration date. Uzbekistan's current tax position, tracing back to 2018 presidential resolutions, is that crypto-asset transactions by individuals and legal entities — including non-residents — are exempt from taxation, including an explicit exemption from capital gains tax on crypto price appreciation. This exemption is reported as time-limited rather than permanent: sources describe it sunsetting in 2028 for corporate turnover and 2029 for individual transactions, though this guide couldn't independently confirm either date against an official text. This sits alongside a licensing requirement administered by the National Agency for Perspective Projects (NAPP): since 1 January 2023, individuals may trade crypto only through NAPP-licensed domestic virtual-asset service providers (VASPs), and in October 2025, NAPP approved a specific list of exchanges authorized to offer a special tax regime to foreign citizens, confirmed directly on NAPP's own site. A separately reported development — a tax-free mining zone, the Besqala Mining Valley, established in Karakalpakstan under a presidential decree, with mining income tax exempt until 2035 — applies only to legal entities registered and operating within that specific zone, not to individuals generally.

Common taxable events

• This guide doesn't identify a specific taxable event for individual crypto trading, consistent with the general exemption described above.
• Mining conducted by an individual, as opposed to a legal entity registered in the Karakalpakstan zone — this guide doesn't confirm whether the general exemption or a different rule applies, since the specific mining-zone exemption is reported as limited to registered legal entities.

Potentially non-taxable events

• Buying, selling, and trading crypto as an individual — exempt from taxation, including from capital gains tax on price appreciation, under the 2018-rooted general exemption, provided the trading occurs through a NAPP-licensed domestic VASP as required since 2023.
• Mining conducted by a legal entity registered and operating within the Karakalpakstan Besqala Mining Valley zone — income tax exempt until 2035, per a reported presidential decree. This specific exemption doesn't extend to individuals.

Tax rates and thresholds

No tax rate applies to your crypto trading gains, under the general exemption. This guide doesn't identify a confirmed individual income tax rate that would apply to crypto mining conducted personally, outside the Karakalpakstan zone's entity-only exemption, and flags this as an open question.

Cost basis and calculation

This doesn't apply to the general trading exemption. This guide doesn't address cost-basis mechanics for any activity falling outside the exemption, which weren't confirmed in this research pass.

Reporting and compliance

• You must trade through a NAPP-licensed domestic VASP, a requirement in effect since 1 January 2023 — a platform-access condition distinct from, but tied to, the trading-gain exemption.
• This guide doesn't independently confirm whether exempt crypto gains must still be disclosed to the State Tax Committee despite no tax being owed.

Residency and cross-border issues

The general exemption is reported as applying to non-residents' crypto transactions as well as residents' — an unusually broad scope compared to most countries in this knowledge base. This guide doesn't resolve how this interacts with another country's tax authority potentially taxing the same gain under its own worldwide-income rules.

Example

This example is hypothetical, for illustration only. Dilnoza, an Uzbek resident, buys and sells crypto through a NAPP-licensed domestic exchange for a profit. Under the current general exemption, that gain isn't subject to tax, including capital gains tax. Had Dilnoza instead traded through an unlicensed platform, this guide doesn't confirm whether the exemption would still apply, since the licensing requirement is reported as a condition on individual trading access since 2023.

Official resources

• State Tax Committee of the Republic of Uzbekistan: https://soliq.uz/

Limitations and review information

Tax year covered: 2025. Last verified: October 28, 2026 (citation-integrity pass; found and disclosed that the general exemption is time-limited, reportedly sunsetting 2028-2029, and confirmed NAPP's October 2025 foreign-citizen exchange list directly on NAPP's own site). Known gap: lex.uz wasn't directly fetched, no specific presidential decree number was independently confirmed, and the exact 2028-vs-2029 sunset date wasn't confirmed against an official text. This guide deliberately omits an unconfirmed decree number found in only one source rather than presenting it as verified. This is educational information only, not individualized tax advice — confirm current specifics directly with the State Tax Committee, NAPP, or a qualified Uzbek tax professional.