How is crypto taxed in Uzbekistan?

Crypto tax in Uzbekistan is, for most activity, zero. A 2018 presidential resolution exempts crypto operations and the income from them from taxes and other mandatory payments, and as of November 2026 that provision still appears in the official text. The trade-off is a closed, licensed market with fees paid by businesses rather than taxes paid by traders.

Is crypto income tax free in Uzbekistan?

Yes, under the resolution. Resolution RP-3832 of July 3, 2018, published on the official legal database Lex.uz, states that operations of legal entities and individuals related to crypto turnover, including those by non-residents, "are not subject to taxation." Income from these operations is not counted in the base for taxes and other obligatory payments. Daryo's 2024 overview of Uzbek crypto rules describes the same exemption.

The exemption works within a tight legal frame. The same resolution says that since January 1, 2023, Uzbek citizens and companies may buy, sell or exchange crypto only through national providers, except where laws say otherwise. How the exemption applies to trades on unlicensed foreign platforms, which residents are not meant to use, is not addressed. Our guide is crypto legal in Uzbekistan covers the licensing system run by the National Agency of Perspective Projects (NAPP).

How are Uzbekistan crypto exchanges taxed?

Exchanges, depositories, crypto shops and mining pools are the provider types the resolution recognizes, and they must be resident legal entities. Their crypto operations fall under the same exemption, but they pay costs that individual traders do not. The resolution says legal entities pay fees for crypto activities, split between the state budget and NAPP, with amounts set together with the finance ministry and the tax committee. Providers also pay state licence fees set by NAPP.

How is crypto mining taxed in Uzbekistan?

Mining is also inside the exemption, but it carries other charges. The current text of the resolution says miners drawing power from the national grid pay double the normal electricity tariff, with some exceptions under a decree of October 22, 2025, and illegal connections are charged five times the tariff.

In April 2026 a presidential decree created the Besqala Mining Valley across Karakalpakstan. Registered legal entities that become zone residents are exempt from tax until January 1, 2035, but pay the zone's directorate 1% of monthly mining income, Cointelegraph and The Block reported. They may use renewable or grid power, and proceeds from selling mined coins must go to bank accounts in Uzbekistan. Officials were told to draft matching tax code changes. For how other countries treat miners, see how is crypto mining taxed, and for comparison with other low-tax places, which countries have no crypto tax.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.