Tax authorities to be able to suspend account transactions in case of business violations
Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev has signed a decree titled "On Additional Measures for the Implementation of Modern Mechanisms for Judicial Protection of the Rights of Citizens and Business Entities."
According to this document, starting from 1 May 2025, a new procedure will be introduced for suspending banking transactions of business entities by tax authorities in cases of tax violations.
If an entrepreneur acknowledges the tax violation, the tax authority will have the right to independently suspend transactions on their bank accounts.
However, if the taxpayer disagrees with the accusation and files an objection, the decision will be made through the judicial process in strict accordance with current legislation.
This measure will be implemented after the relevant amendments are made to the Tax Code.
Under the current rules, if a taxpayer fails to submit tax reports within ten days after the deadline, tax authorities have the right to suspend their banking operations.
However, the duration of such a restriction cannot exceed ten days.
If an extension of this period is necessary, further suspension of accounts can only occur based on a court decision.