Our services
Audit, IFRS reporting, tax and accounting for companies in Uzbekistan. Each service page explains who needs it, how the engagement runs, what you receive and which legal provisions apply.
Statutory audit in Uzbekistan
Statutory audit in Uzbekistan under ISA: who must be audited (Art. 35 of the Law on Auditing), the 15 June deadline, process and audit report. Registered audit firm.
- Joint-stock companies
- Banks and other credit institutions
- Insurance organisations
Voluntary audit in Uzbekistan
Voluntary audit in Uzbekistan before a deal, loan or investor round, or a change of chief accountant: verify the statements and find tax risks early.
- Before selling a business — to confirm financial transparency
- Before attracting investors or obtaining a bank loan
- Before a tax inspection — to find and fix risks in advance
IFRS audit and conversion of financial statements in Uzbekistan
Who must report under IFRS in Uzbekistan: JSCs and 425 public interest entities on the Register. Conversion from local GAAP, consolidation and ISA audit.
- Joint-stock companies — they publish annual IFRS financial statements, after an external audit under ISA, at least two weeks before the annual general meeting of shareholders (Article 102 of the Law on Joint-Stock Companies)
- Entities whose securities are listed on a stock exchange and publicly traded
- Commercial and microfinance banks, microfinance and factoring organisations, mortgage refinancing and guarantee organisations, payment system operators and payment institutions
Due diligence in Uzbekistan: financial and tax review before a deal
Financial and tax due diligence in Uzbekistan before buying a company or stake, investing or lending: quality of earnings, 3-year tax exposure, risk report.
- Buying a company, an LLC stake or shares — before signing and registering the transfer
- Investing in a local company — testing the figures behind your valuation
- Forming a joint venture with a local partner
Tax advisory in Uzbekistan
Tax advisory in Uzbekistan for local and foreign-owned companies: VAT, profit tax, transfer pricing, tax audits and disputes. Registered audit firm since 2013.
- Before launching a new line or product
- When entering international markets or working with foreign counterparties
- When receiving notices or summons from tax authorities
VAT refund in Uzbekistan
VAT refund in Uzbekistan: within 30 days, or 7 days under the accelerated procedure (Tax Code, Art. 274). We prepare the documents and support the desk audit.
- Exporters of goods and services (with 0% VAT)
- Investors — when importing equipment and materials for investment projects
- Companies at start of operations — when investments and purchases exceed revenue
Accounting services in Uzbekistan
Accounting outsourcing in Uzbekistan: bookkeeping and tax accounting, payroll, NAS and IFRS reporting, restoration of records. Registered audit firm since 2013.
- Small and mid-sized business — cheaper than in-house
- Startups and IT companies — expertise from day one without hiring costs
- Foreign companies and representative offices — knowledge of local law
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