Starting from 2019, Uzbekistan introduces new tax payment procedure for individual entrepreneurs

Tashkent, Uzbekistan (UzDaily.com) -- From 1 January 2019, Uzbekistan introduced a new tax payment procedure for individual entrepreneurs.

This is stipulated by the Presidential resolution “On forecast of the main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2019 and budget guidelines for 2020-2021.”

From 1 January 2019, individual entrepreneurs, whose revenues from the sale of goods (works, services) exceeded 100 million soums in a calendar year, but not more than one billion soums, are transferred to the payment of a single tax payment at a rate of 4 percent.

For individual entrepreneurs, whose revenue from the sale of goods (works, services) in a calendar year does not exceed 100 million soums, the procedure for calculating and paying a fixed tax is remained.

Individual entrepreneurs, whose revenue from the sale of goods (works, services) exceeded one billion soums in a calendar year, pay taxes and other obligatory payments in the manner prescribed for legal entities.