Uzbekistan announces economic amnesty for small and medium businesses
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Uzbekistan has announced an economic amnesty for small and medium-sized businesses, effective until December 31, 2026. The amnesty, signed by the president, waives penalties on tax debts and halts enforcement proceedings upon full payment. It also forgives fines for late tax reporting and allows retroactive registration of labor contracts without penalties.
Key Facts
- The amnesty is effective until December 31, 2026, according to the Ministry of Justice.
- Penalties on tax debts will be written off upon full payment, and enforcement proceedings will be terminated.
- Entrepreneurs who voluntarily file corrected tax returns and pay additional taxes by year-end will not accrue penalties.
- Unpaid fines for late tax reporting and non-submission of fixed turnover tax will be written off.
- A three-year moratorium on inspections of small businesses has been introduced, with exceptions for criminal cases, health impact studies, labor law compliance, citizen appeals, VAT refunds, and enterprise liquidation.
Amnesty Terms
The amnesty applies to small and medium-sized businesses and was enacted by presidential decree. The Ministry of Justice states that the amnesty is valid until December 31, 2026. Upon full payment of tax debt, penalties will be written off and enforcement proceedings will be terminated. Entrepreneurs who independently submit corrected tax reports and pay additional taxes by the end of the year will not be charged penalties on that amount.
Relief Measures
Entrepreneurs will be exempt from administrative liability for failure to submit a payment order to the bank. Points in the sustainability rating will not be reduced for self-correction of errors within the amnesty framework. Unpaid fines for late submission of tax reports and for non-submission of fixed turnover tax will be written off. Previously executed labor contracts may be entered into the Unified National Labor System without late fees.
Inspection Moratorium
A three-year moratorium on any inspections of small business entities has been introduced in Uzbekistan. Exceptions include inspections within criminal cases, studies of health impact, compliance with labor legislation, consideration of citizens' appeals, VAT refunds, and enterprise liquidation.
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Uzbekistan announces economic amnesty for small and medium businesses
