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News about business: events, facts and developments on tafs uz.

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Uzbekistan

Deputies approve bill allowing tax benefits to be applied before they are incorporated into the Tax Code

On 27 October the Legislative Chamber passed in first reading a bill allowing businesses to use sectoral tax benefits established by presidential decisions even before they are enshrined in the Tax Code. Deputies pointed to the delay in incorporating the amendments and a possible contradiction with the ban on individual benefits. On October 27, the Legislative Chamber passed in first reading a draft law allowing businesses to use sectoral tax benefits established by presidential decrees even before they are enshrined in the Tax Code. Deputies pointed to the delay in introducing the amendments and a possible contradiction with the ban on individual benefits.

Otabek Yusupov
4 min read
Economy

Employees Who Disagree Are Called Dangerous for Russian Business

According to Cornerstone, more than 70% of organizations hear about 'psychological safety' for the first time, while approximately 60% of managers admit they do not always express disagreement with their superiors. Vladislav Bykhanov, General Director of Cornerstone, explained why employee silence and a narrow group of idea generators hinder innovation. He emphasized that psychological safety does not mean constant praise but rather the freedom to disagree, report problems, and ask difficult questions without fear of punishment. The company highlights that 80–90% of new proposals often come from a small group of employees, indicating a lack of diverse input. Editorial notes clarify that the data are based on Cornerstone's own observations, with no disclosed methodology or sample size, making it impossible to assess representativeness. The article concludes that companies seeking innovation must first ensure an environment where open disagreement is safe, as suppressed feedback prevents critical issues and improvements from reaching leadership.

Otabek Yusupov
3 min read
Society

Olga Orlova advised against starting a business and spoke about the failure of her clothing brand

Singer and TV presenter Olga Orlova said in her Telegram channel that a financially literate person would not start a business in Russia right now. She admitted that her own project had failed: according to her, marketplace commissions “ate up” the revenue, and her goods burned down without compensation. Earlier, actress Galina Bob also reported closing her clothing store, citing marketplace policy.

Aziz Karimov
2 min read
Economy

In Uzbekistan, businesses will be able to challenge account suspension in court over tax disputes

Shavkat Mirziyoyev signed a law on October 20 reducing the regulatory burden on entrepreneurs in the sphere of tax disputes. Amendments to the Tax Code and the Economic Procedure Code allow challenging the suspension of account transactions in an economic court and provide for the prompt cancellation of such decisions after a number of violations are resolved.

Sevara Azamova
2 min read
Economy

Bill on 50% discount on financial fines for businesses passed in second and third readings

On October 20, the Legislative Chamber of Uzbekistan passed a law simplifying the procedure for applying financial fines to entrepreneurs. Businesses will be able to be released from the remaining amount by voluntarily paying 50% of the fine within a month, and may also pay in installments for up to 6 months. The document has been sent to the Senate.

Sevara Azamova
2 min read
Economy

Tashkent brand Spenta Tonica sold about 12,000 items in a year and a half without investors or loans

Spenta Tonica clothing brand founder Kamil Karimov told Spot.uz how the project, launched in 2025 in Tashkent, grew to a showroom in the city center, more than 300 prints and about 12,000 items sold. About $100,000 of personal funds were invested in the project, with no loans or outside investment. The brand is fully localized in Tashkent — from fabrics to print production — and operates without an online store or marketplaces.

Nilufar Karimova
4 min read
Economy

Uzbekistan's Cabinet mandated public discussion of design codes and regulated advertising removal

By a Cabinet of Ministers resolution of October 13, territorial design codes must be developed only after broad public discussion and take effect three months after publication. The Tashkent khokimiyat and the Chamber of Commerce and Industry were tasked with holding a discussion of the capital's design code with entrepreneurs and the media by December 10. A procedure for forced removal of outdoor advertising was also established: two days' notice, removal during working hours with a report drawn up.

Nilufar Karimova
3 min read
Economy

In Uzbekistan, signs with a business's name and type of activity are no longer considered advertising

On 13 October, the Cabinet of Ministers of Uzbekistan adopted a resolution easing requirements for outdoor advertising. Signs with a business's name and type of activity on entrepreneurs' buildings are not considered advertising and do not require an advertising place passport. Advertising on transport has been simplified, deadlines for short-term advertising clarified, and the procedure for forced dismantling specified. The changes were reported by the Competition Committee.

Nilufar Karimova
3 min read