- 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.
Latest Posts in "Uzbekistan"
- Zero VAT Rate Approved for Agricultural Products in Uzbekistan Starting January 2026
- Uzbekistan Simplifies VAT Refund Process for Low-Income Families Using Social Cards
- Uzbekistan’s Tax Committee Returns 42.7 Billion Soums in VAT to Tourism and Agriculture Sectors
- President Announces Zero VAT on Agricultural Products to Boost Sector
- Uzbekistan to Refund 50% VAT to Livestock and Poultry Farms Starting April 2025
