Authorities in Uzbekistan are reportedly moving to cap the amount of penalties accumulated for delayed tax payments, proposing that the penalty total should not exceed the primary tax debt. This norm has been integrated into a broader legislative package aimed at supporting the business community, which reportedly passed its first reading in the Legislative Chamber of the Oliy Majlis on October 27.

Presenting the draft legislation, Deputy Minister of Economy and Finance Ahadbek Haydarov outlined the purported changes intended to reform tax administration procedures. Officials claim that prohibiting accumulated penalties from surpassing the unpaid tax amount will alleviate financial pressures. The initiative was allegedly discussed earlier in May during high-level meetings chaired by the country's leadership.

The proposed legislation additionally aims to mandate the automatic cancellation of bank account freezes by tax authorities if a taxpayer submits required explanations or revised reports following desk audits. According to parliamentary statements, these regulatory adjustments are purportedly designed to reduce administrative restrictions hindering entrepreneurial activities across the country.

Furthermore, the bill suggests eliminating service commissions charged when citizens and companies pay taxes through independent payment organizations and digital payment systems. The updated framework also intends to expand digital services via taxpayers' personal accounts, integrating data systems from various state agencies to streamline reporting.

Source: www.gazeta.uz