News: tax
Key changes in tax, accounting, audit and legislation in Uzbekistan: a short summary with a link to the official source.
Do tax benefits apply under the simplified VAT procedure? The international treaty exception
The Tax Service has explained that under the simplified procedure for calculating and paying VAT, the tax benefits and preferences of the general procedure do not apply. However, if a VAT benefit is established by an international treaty of the Republic of Uzbekistan, it can be used when the conditions are met.
From 11 December, 84 general IKPU codes for goods subject to mandatory digital labelling will become inactive
According to the Tax Service, from 11 December 2026, 84 general IKPU codes (MXIK in Uzbek) relating to labelled goods will be switched to inactive status. What manufacturers, importers, wholesale and retail businesses should check, and what to do if the right code does not exist.
Fiscal Strategy 2027–2029: tax incentives to be reviewed, VAT exemptions cut, oversight to go digital
The Ministry of Economy and Finance has drafted a Fiscal Strategy for 2027–2029. It plans to review incentives under corporate profit tax, personal income tax and VAT, cut VAT exemptions, raise excise, property and resource tax rates step by step in line with inflation, and further digitalize tax and customs administration.
Presidential meeting: tax revenue tops 130 trillion soums, but loss-making companies and those only claiming input VAT are in focus
At a meeting on 21 July 2026 it was noted that tax revenue had grown by 27% since the start of the year to more than 130 trillion soums, while the annual plan for additional revenue was only 40% fulfilled. Using Bukhara region as an example, 162 companies with losses for three years in a row and 1,500 companies that only claimed input VAT were criticized.
ai.soliq.uz: how the AI-powered AI SOLIQ portal helps accountants
The Tax Committee's AI SOLIQ service on the ai.soliq.uz portal gives a general analysis of a company's tax relations, shows why an e-invoice was placed in the "red" category, provides information on the tax rating and incentives, and explains tax returns.
Fines for late tax returns: new amounts from 2026 and two forms of relief
From 1 January 2026 the fine for late tax returns is 3 × BCA for micro-firms, small enterprises and individuals, and 10 × BCA for officials of other legal entities. Several returns in one period mean one fine, and disciplined filers get a 5-day grace period.
Decree PF-175: the "Second Chance" amnesty, a 15% profit tax for services at bazaars and interpretation in favour of entrepreneurs
Presidential Decree PF-175 of 27 August 2026 provides several reliefs for entrepreneurs: late-payment interest (penya) is written off if a small or medium-sized business pays its tax arrears in full by 31 December 2026, a 15% corporate profit tax rate applies to services at bazaars and trade complexes, the minimum rent for a founder's property is abolished, and the burden of proof shifts to the state body.
Export currency proceeds are now filled in automatically in the VAT return
Lines 060 and 070 of Appendix 3 and line 01042 of Appendix 6 of the VAT return are now generated automatically from customs data. A new return package, No. 10006_47, has been released for this.
Partial refund of paid VAT no longer depends on the sustainability rating
Under Decree PF-175, businesses in catering, tour operating, hotels and several other sectors get part of their paid VAT refunded regardless of their sustainability rating.
New tax relief for small businesses: a simplified 6% VAT regime and other changes (Decree PF-100)
Presidential Decree PF-100 of 26 May 2026 lets businesses in trade, catering and services opt for a simplified 6% VAT regime, eases VAT administration and cuts back some tax audits.
From 1 July 2026, general MXIK codes for construction resources will be phased out of e-invoices
Sellers of construction materials will have to use detailed product codes instead of general MXIK codes in electronic invoices. The restriction is being introduced in stages from 1 July 2026.
For information only; check the official text at the source.