Where business owners most often go wrong
Outdated exemptions, noticing the threshold too late, unchecked authority-prepared returns and ignored e-invoices.
For information only. This is not tax advice — check the source before an important decision.
Law as of Oct 17, 2026
1. "No tax up to 100 million"
Outdated. From 2026 the self-employed pay tax from the first sum — 1.0% (PP-247).
2. "Sole proprietors pay a fixed tax"
From 2026 there is no fixed tax: turnover tax, or VAT and profit tax.
3. Noticing the threshold too late
VAT and profit tax start from the day the threshold is exceeded (not the next month). For a business opened mid-year the threshold is prorated by days (Tax Code, article 462, parts 7–8). Track your income regularly.
4. Importing while on turnover tax
From the day imports start, turnover tax no longer applies — VAT and profit tax do (Tax Code, article 461, part 2).
5. Treating rent as turnover tax
Income from renting out property is 12 % personal income tax, not turnover tax.
6. Not checking the authority's return
The tax authority fills in the return, but if you do not correct a difference within 5 days, you are deemed to agree (Tax Code, article 81). Compare it with your books every month.
7. Ignoring incoming e-invoices
An e-invoice not rejected within 10 calendar days is deemed accepted — even if it is fake, the consequences are yours.
8. Wrong IKPU code and unnecessary VAT
A wrong IKPU — a 1 % penalty; showing VAT on an e-invoice when not a VAT payer — 20 % of that VAT.
9. Trading without a till or QR
A UZS 5 million penalty (first time — a warning and 3 days). Every sale needs a receipt or an e-invoice.