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New Tax Incentives for Entrepreneurs Transitioning to VAT and Profit Tax in Uzbekistan

  • New support mechanism introduced for entrepreneurs transitioning from turnover tax to VAT and profit tax for the first time.
  • From January 1, 2026, to January 1, 2030, for 6 months, VAT or property tax payable can be reduced by accounting-related expenses.
  • The deduction cannot exceed 3.5 times the BHM (base calculation amount) per month.
  • This aims to support entrepreneurs moving towards transparency.

Source: facebook.com

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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