Uzbekistan has adopted a draft law amending tax legislation to simplify the procedure for temporarily suspending and resuming operations on entrepreneurs' bank accounts. This initiative aims to protect business interests in cases of tax violations.

The bill was approved by the Legislative Chamber of the Oliy Majlis in its first reading. According to the proposed amendments to the Economic Procedural and Tax Codes, if an entrepreneur acknowledges a violation and does not contest it, the decision to temporarily block accounts will be made directly by the tax authority. A similarly simplified procedure—through the tax service—is also provided for lifting restrictions immediately after the violation is rectified.

The main goal of the innovation is to eliminate unnecessary judicial red tape in cases where businesses agree with the claims. This will allow entrepreneurs to resume full operations as quickly as possible. At the same time, the law preserves judicial guarantees: if a taxpayer disagrees with the tax service's decision and raises objections, the issue of suspending account operations will still be considered exclusively in an economic court.

It is worth recalling that Uzbekistan is implementing a new tax administration system, which is expected to save businesses over 8 trillion soums. The key innovation will be the classification of companies into “green,” “yellow,” and “red” risk zones.

Source: podrobno.uz