In 2023, 56 foreign companies offering electronic services in Uzbekistan contributed 69.8 billion soums in taxes, marking a 1.5-fold increase from 2022 (44.9 billion), the press service of the Tax Committee of Uzbekistan reported. These figures are equivalent to approximately $5.6 million in 2023 and $3.6 million in 2022, based on the Central Bank of Uzbekistan rates as of March 12.
The number of foreign Internet companies subject to VAT payment in Uzbekistan grew from 40 to 56, with their revenue reaching 635.1 billion soums ($50.7 million), 1.8 times more than in the previous year (348 billion soums, or $27.8 million).
The top 10 companies account for almost the entire tax revenue volume:
- Meta — 26.4 billion soums ($2.1 million);
- Google — 20.3 billion soums ($1.6 million);
- Apple — 12.9 billion soums ($1 million);
- Amazon — 2.2 billion soums ($176,000);
- Booking.com — 1.6 billion soums ($128,000);
- Netflix — 1.2 billion soums ($96,000);
- Xsolla — 816.1 million soums ($69,000);
- Zoom — 763.3 million soums ($61,000);
- Yandex — 690.4 million soums ($55,000);
- Adobe Systems — 436.9 million soums ($35,000).
Notably, Meta delivered electronic services amounting to 238.9 billion soums ($19.1 million) and reflecting a growth of 2.5 times. This surge suggests an increased expenditure by companies on advertising and promotion in social networks.
Amazon, entering the list for the first time in July last year, immediately secured the fourth position in tax payments among Internet companies, earning 22.6 billion soums ($1.8 million).
With the rising popularity of Netflix in Uzbekistan, the company has doubled its revenue over the year to 10.1 billion soums ($807,000).
