Legislative news

New Reporting Procedure for Entrepreneurs

New Reporting Procedure for Entrepreneurs

By Presidential Decree No. PQ-8 dated January 9, 2024, the Republic of Uzbekistan has approved a unified list of reports and statistical data to be submitted by business entities to government authorities. According to the document, reports must be submitted exclusively through information systems. By January 1, 2026, a Unified Reporting System will be introduced, which will allow entrepreneurs to generate and submit reports to government authorities via the “Entrepreneur’s Personal Account.” The reporting procedure is established as follows: ️From January 1, 2026 — on a voluntary basis for all entrepreneurs; ️From January 1, 2027 — mandatory for small and medium-sized businesses; ️From January 1, 2028 — mandatory for all entrepreneurs. Additionally, according to the decree, starting from 2024, eight types of reports and statistical data that duplicated each other or could be obtained by government authorities from other sources have been canceled.