Jewelry sales liberalized for sole proprietors; VAT refunds extended through 2028

Starting from September 1, 2025, sole proprietors in Uzbekistan will be allowed to engage in the sale of jewelry without needing to establish a legal entity. Additionally, individuals who report violations related to precious metals will be eligible for financial rewards.

This change follows the adoption of a presidential decree titled “On Additional Measures to Support the Jewelry Manufacturing Sector.”

According to the decree, effective January 1, 2026, the following benefits will be abolished:

The VAT exemption for the sale of jewelry and semi-finished products made from precious metals and stones;
The retail sales fee on gold jewelry.

However, until January 1, 2028, entrepreneurs involved in the production or sale of jewelry will receive automatic VAT refunds – up to 80% – from the republican budget by the 25th of each month.

As of September 1, 2025:

Sole proprietors will be allowed to legally sell jewelry;
The State Assay Office will introduce mobile services in Tashkent, Nukus, and regional centers to verify and hallmark the fineness of jewelry items;
Individuals who report offenses related to precious metals and stones through the “Soliq” mobile app will receive a reward amounting to 50% of the fines collected as a result of their report.