According to the Chamber of Commerce and Industry of Uzbekistan, approximately 315,200 entrepreneurs can benefit from the 'Second Chance' economic amnesty. If they fully pay off their tax debt by the end of the year, the accrued penalties will be written off.
The Chamber clarified that the total tax debt of these entrepreneurs, accumulated as of September 1, 2026, amounts to 9.5 trillion soums. The penalties on this debt have reached nearly 1.5 trillion soums. This measure is expected to significantly ease the financial burden on businesses.
The 'Second Chance' amnesty was introduced by a presidential decree following the VI open dialogue with entrepreneurs in Khiva. Under the decree, if an entrepreneur fully repays the tax debt that arose before the amnesty was announced by December 31, the penalties will be canceled, and enforcement proceedings related to the debt will be terminated.
The Chamber reminds that to take advantage of this opportunity, the principal amount of the tax debt must be fully paid no later than December 31, 2026. Additionally, if an entrepreneur voluntarily corrects errors in previously filed tax reports and pays the additional taxes by the end of the year, no penalties will be charged on that amount.
The amnesty also includes the write-off of certain fines. According to the Chamber, this involves 1.6 trillion soums in fines accumulated between 2019 and 2025, as well as 39.8 billion soums in fines related to the turnover tax.
Under the decree, unpaid portions of administrative fines for late submission of tax reports, as well as financial fines imposed on fixed-rate turnover tax payers, will be written off as of January 1, 2026. Entrepreneurs will also be exempt from administrative liability for failing to submit payment orders for taxes and fees to banks.
Furthermore, entrepreneurs who independently rectify violations will not have their scores lowered in the Sustainability Rating of Business Entities. The decree also allows previously formalized labor contracts to be included in the Unified National Labor System without fines for late registration.
The document also imposes a three-year moratorium on inspections of small businesses, with some exceptions. The Business Ombudsman has been tasked with reviewing inspections conducted over the past three years.
Source: www.gazeta.uz