The Chambers of the Oliy Majlis of the Republic of Uzbekistan have adopted a law aimed at easing tax administration and expanding tax incentives for businesses. The document was developed as part of the main tax and budget policy directions for 2026 and reflects proposals voiced by entrepreneurs during dialogue with the President.
The reforms are designed to reduce administrative and financial pressure on businesses and simplify interaction with tax authorities. A single penalty will be introduced for late submission of multiple tax reports, while penalties for small businesses will be significantly reduced. No fines will apply for reporting delays of up to five days if previous tax obligations were fulfilled on time.
Important changes also affect tax audits. Suspension of VAT payer status for more than 30 days will only be possible by court decision. Repeated desk audits without additional analysis will be restricted, and the audit completion date will be determined by the electronic submission of the audit report.
From 2026, tax authorities will be responsible for generating tax reports for major taxes, including VAT, corporate income tax, turnover tax, property tax, and land tax. Businesses will also be allowed to pay financial penalties resulting from field audits in equal installments over six months.
A temporary support measure will apply to businesses transitioning from turnover tax to VAT and corporate income tax for the first time. For one year, no financial penalties will be imposed for VAT registration-related violations. Tax incentives for manufacturing, agriculture, and creative industries will remain in force until 2028–2030.