Uzbekistan Introduces Tax Incentives for Entrepreneurs Transitioning to VAT Payment System

• Entrepreneurs transitioning to VAT from turnover tax for the first time will be incentivized.
• A presidential decree was issued to implement tasks from the open dialogue with entrepreneurs.
• From January 1, 2026, incentives include exemption from profit tax for one year.
• No financial penalties for registration violations as a VAT payer for one year.
• Deduction of accounting service costs from taxes for six months, up to 3.5 times the minimum wage.
• Proactive tax compliance measures will be introduced from January 1, 2026.
• Tax authorities will handle property, land, income, and social tax reports.
• Taxpayers can make necessary corrections to tax reports within five business days.

Source: kun.uz

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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