PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of December 27, 2024 No. UP-229

About the next measures for providing equal conditions for entrepreneurs and fair competitive environment

For the purpose of the implementation of offers and initiatives announced within dialogue of the President of the Republic of Uzbekistan with the leading entrepreneurs spent on December 20 the current year, full support of entrepreneurship, providing equal conditions and fair competitive environment in the market and also reducing share of shadow economy:

1. Determine that for a period of up to January 1, 2028 increase in rates of the value added tax and income tax is not made.

2. Establish during the period from January 1, 2025 to January 1, 2028 for the subjects of entrepreneurship performing productive activity in the directions of the sewing and knitted, footwear and leather haberdashery industry, and complying all following conditions at the same time, rate of the income tax in the amount of 2 percent, rate of the social tax - 1 percent:

the average monthly salary is charged in the amount of at least double amount of minimum payment of work;

during the accounting period the total sales which arrived from realization weaver's (knitted cloth, cotton fabric and nosochny products), sewing and knitted, shoe or leather haberdashery products, constitute at least 70 percent of the comprehensive income gained from sales of goods (services).

Simultaneous accomplishment of all conditions for use of the privileges established by this Item is determined by tax authorities without human factor in automatic procedure regularly till the 25th following reporting quarter.

In case of accomplishment of the specified conditions in every month of the respective quarter tax benefits are applied for this quarter.

In case of identification of the fact of non-compliance with the established conditions by means of repeated submission of tax statements after use by subjects of entrepreneurship of the tax benefits established by this Item, tax benefits are cancelled, taxes are calculated with charge of penalty fee and are collected in the budget.

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