Turnover tax for sole proprietors and self-employed to be reduced to 1 percent from 2026

From 1 January 2026, the turnover tax rate will be set at 1 percent for sole proprietors and self-employed individuals whose annual turnover does not exceed 1 billion UZS. This is stated in a presidential resolution signed recently.

Currently, if the annual income from the sale of goods and services exceeds 100 million UZS, sole proprietors are required to switch from the fixed tax regime to the turnover tax regime. The turnover tax rate in such cases is 4 percent of turnover.

Furthermore, the availability of a special QR code for accepting electronic payments will become a mandatory requirement under retail trade rules for sole proprietors and self-employed individuals.

Data on cash flows obtained through an integrated digital platform will be used by banks when deciding whether to grant loans.

Under the document, a special legal regime with a unified digital platform will be introduced for sole proprietors and self-employed individuals until the end of 2030. Through this platform, they will be able to formalize their activities, manage settlements, pay taxes, issue receipts, and open electronic wallets. Documents will be signed without the need for an electronic key.