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Economy 14/12/2024 Uzbekistan to optimize indicators for assessing the development of newly established enterprises

Uzbekistan to optimize indicators for assessing the development of newly established enterprises

Tashkent, Uzbekistan (UzDaily.com) —  Uzbekistan is set to optimize the criteria for assessing the development of new business entities.

This is outlined in the presidential decree "On Amendments and Additions to Certain Presidential Acts of the Republic of Uzbekistan," which introduces changes and additions to several legislative acts.

The amendments address several key areas. Specifically, the criteria for identifying business entities that are not engaged in financial and economic activities have been improved.

Additionally, the indicators used to assess the progress of newly established enterprises have been optimized. A procedure has also been introduced for mutual accounting of value-added tax amounts paid on the import of goods and the sale of goods (services) to businesses classified as "BBB."

Furthermore, the rules for the sale of domestic beer products have been clarified, with requirements for notifying the relevant authorities.

The changes also affect the procedure for liquidating businesses that are not engaged in financial and economic activities.

According to the new regulations, such enterprises will be placed into inactive status for up to one year upon the recommendation of tax authorities. If the business does not resume its activities within this period, it will be removed from the Unified State Register of Business Entities.

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