PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of February 10, 2023 No. UP-21

About measures for further enhancement of criteria of separation of subjects of entrepreneurship into categories, and also tax policy and tax administration

For the purpose of consecutive continuation of the tax reforms directed to creating favorable conditions for implementation of business activity, further enhancement of tax administration, and also ensuring realization of the priority tasks determined within open dialogue of the President of the Republic of Uzbekistan with entrepreneurs who is carried out on August 22, 2022:

1. Approve the offer of the Ministry of Economics and finance, the Ministry of Justice and Chamber of Commerce and Industry on separation of subjects of entrepreneurship into categories on the basis of the following criteria:

a) small business entities:

individual entrepreneurs;

microfirms - subjects of entrepreneurship, founders (participants) of which are physical persons, with comprehensive income to 1 billion sum within calendar year;

small enterprises - subjects of entrepreneurship with comprehensive income from 1 billion sum to 10 billion sum within calendar year, and also the subjects of entrepreneurship specified in paragraph three of this subitem founders (participants) of which are legal entities;

b) subjects of medium business are subjects of entrepreneurship with comprehensive income from 10 billion sum to 100 billion sum within calendar year;

c) subjects of big business are subjects of entrepreneurship with comprehensive income from 100 billion sum and more within calendar year.

Take into consideration that the taxation of subjects of entrepreneurship is performed according to legal acts.

2. Determine that since April 1, 2023:

a) No. UP-193 is excluded according to the Presidential decree of the Republic of Uzbekistan of 10.11.2023

b) for subjects of entrepreneurship with comprehensive income at least 10 billion sum the 20 percent quota in public procurements is introduced and implementation of advance payment in the amount of 50 percent is provided in the agreements signed with budget customers within the specified purchases.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info