The President has signed the Decree dated December 10, 2024, No. UP-214 “On Amendments and Additions to Certain Acts of the President of the Republic of Uzbekistan”.
Changes and additions are being made to a number of presidential acts, which include:
- modifications to the criteria for identifying business entities not engaged in financial and economic activities;
- optimization of indicators for assessing the development of newly established business entities;
- implementation of a mutual accounting procedure for VAT amounts paid during the import of goods and the sale of goods (services) for business entities classified as “BBB”;
- conducting activities for the sale of domestic beer products under a notification procedure.
Thus, the basis for recognizing an enterprise as not engaged in financial and economic activities includes:
- failure to open a bank account within 3 months from the date of state registration;
- within 6 months after opening a bank account:
- no funds received in the bank account for financial and economic activities;
- no electronic invoices issued;
- non-use of online cash registers, virtual cash registers, or payment systems “marketplace”;
- no external trade operations.
Additionally, upon the liquidation of enterprises not engaged in financial and economic activities:
- upon the request of the tax authority, enterprises are transferred to an inactive status for a period of 1 year;
- the registering authority removes them from the Unified State Register of Business Entities if their activity is not restored within a year.
From now on, the mutual accounting procedure for VAT amounts paid during the import of goods and the sale of goods (services) will also apply to business entities classified as “BBB” and above.
The corresponding changes have been made to:
- presidential decrees:
- dated February 5, 2019, No. UP-5656 “On Measures to Improve State Regulation of the Production and Circulation of Alcoholic and Tobacco Products, as well as the Development of Viticulture and Winemaking”;
- dated June 7, 2019, No. UP-5739 “On Measures to Simplify the Procedure for Liquidation of Business Entities”;
- dated August 30, 2024, No. UP-132 “On Measures to Implement the Tasks Defined in the Fourth Open Dialogue of the President of the Republic of Uzbekistan with Entrepreneurs”;
- Regulation on the Procedure for Assessing the Level of Socio-Economic Development of Regions Based on Ranking Indicators, approved by the Presidential Resolution dated May 1, 2020, No. PP-4702;
- Presidential Resolution dated January 23, 2024, No. PP-39 “On Measures to Implement the Resilience Rating of Business Entities”.
The document has been published in the National Database of Legislation and came into force on December 11, 2024.
Sobir Nurberdiev