Starting from 2027, a new approach to applying financial sanctions against entrepreneurs is being introduced in Uzbekistan, according to which the principle of 'Warning for the first mistake' will apply.
In accordance with the presidential decree, if an entrepreneur commits a violation for the first time, they will be given ten days to rectify the detected shortcomings without the application of penalties. This rule applies to cases where the violation has not caused damage to people's health or property.
Furthermore, a restriction is being introduced on conducting repeated inspections of businessmen's activities within a year; such inspections are possible only with the consent of the Business Ombudsman, with the exception of desk tax audits.
Also, by the end of 2028, an experiment on voluntary auditing is planned, which will cover medium and large businesses. The results obtained from the engaged auditing companies will have legal force for tax authorities. During this audit period, the tax service will not conduct inspections, and financial fines will not be imposed if the identified deficiencies are corrected within thirty days.
Previously, it was announced in Uzbekistan that some fines for businesses would be halved and a presumption of correctness for entrepreneurs would be introduced.