News about entrepreneurs: events, facts and developments on tafs uz.
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A draft law on supporting entrepreneurs, approved by the Legislative Chamber in the first reading on 27 October, provides that the tax penalty cannot exceed the amount of the unpaid tax. Currently, the Tax Code contains no such restriction, although it was in force in the 2007 version.
Aziz KarimovOn 20 October, the Legislative Chamber of the Oliy Majlis passed in its second and third readings amendments to Article 11-1 of the law “On Currency Regulation”, providing for a court reduction of fines by 50% when mitigating circumstances exist. The document has been sent to the Senate. According to data presented during consideration, in 2025 fines were imposed on 9,100 entrepreneurs totaling 3.3 trillion soums. On October 20, the Legislative Chamber of the Oliy Majlis passed in the second and third readings amendments to Article 11-1 of the law 'On Currency Regulation', providing for a 50% reduction of fines by a court in the presence of mitigating circumstances. The document has been sent to the Senate. According to figures cited during the consideration, in 2025 fines were imposed on 9,100 entrepreneurs totaling 3.3 trillion soums.
Otabek YusupovThe Ministry of Justice of Uzbekistan announced amendments to the instruction on the procedure for opening, maintaining and closing bank accounts. The document was registered on 20 October 2026 under number 3420-3. For entrepreneurs subject to rehabilitation, external administration or liquidation, a special account is opened, and operations on main and auxiliary accounts are suspended. Citizens will be able to obtain information about all their accounts at any bank and open accounts using a biometric passport.
Javlon Tursunov
