This work is licensed under a Creative Commons Attribution 4.0 International License.
Characteristics of Taxation for Individual Entrepreneurs
Corresponding Author(s) : Xojiboyev Muxiddin Shodimuxamedovich
American Journal of Economics and Business Management,
Vol. 7 No. 11 (2024): November
Abstract
The objective of this study is to analyze Uzbekistan's taxation system for individual entrepreneurs (IEs), emphasizing the need for a supportive tax framework to encourage entrepreneurship. Using data from Uzbekistan’s Tax Code, recent legal amendments, and national economic reports, the study applies a comparative analysis methodology to evaluate the effectiveness of fixed and turnover tax regimes. Key outcomes highlight challenges in low turnover thresholds and complex reporting requirements, which prompt some entrepreneurs to close and reopen businesses to avoid tax complications. This turnover cycle reflects IEs’ reluctance to shift to higher tax regimes. Policy implications advocate for raising turnover thresholds and streamlining tax reporting, particularly for IEs exceeding 100 million soums in annual turnover. These reforms could enhance economic stability, reduce administrative burdens, and support sustained small business growth, thereby contributing to Uzbekistan’s long-term economic resilience and small enterprise development
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- Braunerhjelm P., Eklund J.E., Thulin P. Taxes, the tax administrative burden and the entrepreneurial life cycle: Small Business Economics, 56, 2019;
- M.Gopparov, B.Yuldashev, M.Hojiboev, T.Mamanazarov. Organization of internal audit service in budget organizations based on foreign experience. Neuroquantology. 2022/12/20 №12. 2585-2594 p. www.neuroquantology.com.
- Mansurov E. O‘zbekistonda kichik biznes va xususiy tadbirkorlikning rivojlanishi: Omillar, natijalar va istiqbollar. Monografiya. – T.: Ma’naviyat, 2017
- Marchese M. Preferential tax regimes for MSMEs: Operational aspects, impact evidence and policy implications, ILO Working Paper 33 (Geneva, ILO. 2021).
- Muftaydinov Q. Iqtisodiyotni erkinlashtirish sharoitida tadbirkorlikni rivojlantirish muammolari: i.f.d. ilmiy darajasini olish uchun yozilgan diss. – T.: O‘zMU, 2004;
- Muxiddin Xojiboyev. Jismoniy shaxslar daromadini soliqqa tortishning ayrim jihatlari. Agroiqtisodiyot jurnali. 3 (29), 2023.
- Niyazmetov I.M. Soliqqa tortish mexanizmlarini takomillashtirish orqali soliq tizimini barqarorligini ta’minlash: i.f.d. ilmiy darajasini olish uchun yozilgan diss. – Toshkent, 2018
- Simon White and Jesper Petterson. A Report on the Legal and Regulatory Environment Affecting SMEs in Uzbekistan. UNDP, Tashkent, March 1995
- Tax Code of the Republic of Uzbekistan, Article 31
- The Decree of the President of the Republic of Uzbekistan No. PQ-366, dated August 30, 2022, on “Norasmiy bandlik ulushini qisqartirish hamda mehnat resurslari balansini zamonaviy yondashuvlar asosida shakllantirish chora-tadbirlari to‘g‘risida.” Lex.uz
- The Law of the Republic of Uzbekistan “Davlat boji to‘g‘risida” No. O‘RQ-600, dated January 6, 2020. Lex.uz.
- The Law of the Republic of Uzbekistan “Soliq va byudjet siyosatining 2024 yilga mo‘ljallangan asosiy yo‘nalishlari qabul qilinganligi munosabati bilan O‘zbekiston Respublikasining ayrim qonun hujjatlariga o‘zgartirish va qo‘shimchalar kiritish to‘g‘risida” No. O‘RQ-891, dated December 28, 2023. https://lex.uz/docs/6718864
- Toshmatov Sh. Korxonalarni rivojlantirishda soliqlar roli. Monografiya. – T.: Fan va texnologiya, 2008.;
- Turgunovich, M. A. (2021). Accounting Of Income And Expenses For Regular Activities. European Journal of Agricultural and Rural Education, 2(9), 20-22.
- Turgunovich, M. A. (2023). KORXONALARDA MAHSULOT ISHLAB CHIQARISH VA SOTISH JARAYONI HISOBINING NAZARIY ASOSLARI. TA'LIM VA RIVOJLANISH TAHLILI ONLAYN ILMIY JURNALI, 3(6), 142-144.
- Turgunovich, M. A., Khozhiboev, M., Tursunbekovich, I. S., & Khasanovich, K. H. (2022). THE PROCEDURE FOR AUDITING FINANCIAL RESULTS BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS. NeuroQuantology, 20(11), 2073.
- Turgunovich, M. A., Shodimukhamedovich, X. M., & Khasanaovich, K. K. (2022). IMPROVING THE ORGANIZATION OF MANAGEMENT ANALYSIS IN AGRICULTURE. International Journal of Early Childhood Special Education, 14(3)
- Turgunovich, M. A., Shodimukhamedovich, X. M., & Khasanaovich, K. K. (2022). IMPROVING THE ORGANIZATION OF MANAGEMENT ANALYSIS IN AGRICULTURE. International Journal of Early Childhood Special Education, 14(3).
- Xusainov R. va b. O‘zbekistonda kichik biznes va xususiy tadbirkorlik sohasining rivojlanishida soliq imtiyozlarining ahamiyati. // Ekonomika i finansы, 2016. - №5.
- Мамажонов, А. Т. (2021). ЭКОНОМИЧЕСКИЕ КРИТЕРИИ КЛАССИФИКАЦИИ ВАЛЮТНЫХ ОПЕРАЦИЙ. TECHика, (3-4 (7-8)), 7-11.
- Мамажонов, А. Т. (2022). Молиявий ҳисоботларни тузиш ва тақдим этишнинг концептуал асосларини назарий жиҳатлари. Архив научных исследований, 4(1).
- Мамажонов, А. Т. (2022). ОРГАНИЗАЦИОННО-МЕТОДИЧЕСКИЕ АСПЕКТЫ УЧЕТА И АНАЛИЗА ФИНАНСОВЫХ РЕЗУЛЬТАТОВ. ҚАЗАҚСТАН РЕСПУБЛИКАСЫНЫҢ ҒЫЛЫМ ЖӘНЕ ЖОҒАРЫ БІЛІМ МИНИСТРЛІГІ ҚАЗАҚ ҰЛТТЫҚ АГРАРЛЫҚ ЗЕРТТЕУ УНИВЕРСИТЕТІ МИНИСТЕРСТВО НАУКИ И ВЫСШЕГО ОБРАЗОВАНИЯ РЕСПУБЛИКИ КАЗАХСТАН, 395.
- Мамажонов, А. Т. (2023). ТЕОРЕТИЧЕСКИЕ ОСНОВЫ ПРОВЕДЕНИЯ МАРЖИНАЛЬНОГО АНАЛИЗА В ХОЗЯЙСТВУЮЩИХ СУБЪЕКТАХ. Gospodarka i Innowacje., 35, 538-542.
- Мамажонов, А. Т., & Қодиров, Ш. К. (2022). Фермер хўжаликларида маҳсулот таннархи таҳлили ва уни такомиллаштириш. Science and Education, 3(7), 350-358.
- Мамажонов, А. Т., & Хожибоев, М. Ш. (2021). ОСОБЕННОСТИ ОРГАНИЗАЦИИ УЧЕТА В КОММЕРЧЕСКИХ БАНКАХ. TECHика, (3-4 (7-8)), 3-6.
References
Braunerhjelm P., Eklund J.E., Thulin P. Taxes, the tax administrative burden and the entrepreneurial life cycle: Small Business Economics, 56, 2019;
M.Gopparov, B.Yuldashev, M.Hojiboev, T.Mamanazarov. Organization of internal audit service in budget organizations based on foreign experience. Neuroquantology. 2022/12/20 №12. 2585-2594 p. www.neuroquantology.com.
Mansurov E. O‘zbekistonda kichik biznes va xususiy tadbirkorlikning rivojlanishi: Omillar, natijalar va istiqbollar. Monografiya. – T.: Ma’naviyat, 2017
Marchese M. Preferential tax regimes for MSMEs: Operational aspects, impact evidence and policy implications, ILO Working Paper 33 (Geneva, ILO. 2021).
Muftaydinov Q. Iqtisodiyotni erkinlashtirish sharoitida tadbirkorlikni rivojlantirish muammolari: i.f.d. ilmiy darajasini olish uchun yozilgan diss. – T.: O‘zMU, 2004;
Muxiddin Xojiboyev. Jismoniy shaxslar daromadini soliqqa tortishning ayrim jihatlari. Agroiqtisodiyot jurnali. 3 (29), 2023.
Niyazmetov I.M. Soliqqa tortish mexanizmlarini takomillashtirish orqali soliq tizimini barqarorligini ta’minlash: i.f.d. ilmiy darajasini olish uchun yozilgan diss. – Toshkent, 2018
Simon White and Jesper Petterson. A Report on the Legal and Regulatory Environment Affecting SMEs in Uzbekistan. UNDP, Tashkent, March 1995
Tax Code of the Republic of Uzbekistan, Article 31
The Decree of the President of the Republic of Uzbekistan No. PQ-366, dated August 30, 2022, on “Norasmiy bandlik ulushini qisqartirish hamda mehnat resurslari balansini zamonaviy yondashuvlar asosida shakllantirish chora-tadbirlari to‘g‘risida.” Lex.uz
The Law of the Republic of Uzbekistan “Davlat boji to‘g‘risida” No. O‘RQ-600, dated January 6, 2020. Lex.uz.
The Law of the Republic of Uzbekistan “Soliq va byudjet siyosatining 2024 yilga mo‘ljallangan asosiy yo‘nalishlari qabul qilinganligi munosabati bilan O‘zbekiston Respublikasining ayrim qonun hujjatlariga o‘zgartirish va qo‘shimchalar kiritish to‘g‘risida” No. O‘RQ-891, dated December 28, 2023. https://lex.uz/docs/6718864
Toshmatov Sh. Korxonalarni rivojlantirishda soliqlar roli. Monografiya. – T.: Fan va texnologiya, 2008.;
Turgunovich, M. A. (2021). Accounting Of Income And Expenses For Regular Activities. European Journal of Agricultural and Rural Education, 2(9), 20-22.
Turgunovich, M. A. (2023). KORXONALARDA MAHSULOT ISHLAB CHIQARISH VA SOTISH JARAYONI HISOBINING NAZARIY ASOSLARI. TA'LIM VA RIVOJLANISH TAHLILI ONLAYN ILMIY JURNALI, 3(6), 142-144.
Turgunovich, M. A., Khozhiboev, M., Tursunbekovich, I. S., & Khasanovich, K. H. (2022). THE PROCEDURE FOR AUDITING FINANCIAL RESULTS BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS. NeuroQuantology, 20(11), 2073.
Turgunovich, M. A., Shodimukhamedovich, X. M., & Khasanaovich, K. K. (2022). IMPROVING THE ORGANIZATION OF MANAGEMENT ANALYSIS IN AGRICULTURE. International Journal of Early Childhood Special Education, 14(3)
Turgunovich, M. A., Shodimukhamedovich, X. M., & Khasanaovich, K. K. (2022). IMPROVING THE ORGANIZATION OF MANAGEMENT ANALYSIS IN AGRICULTURE. International Journal of Early Childhood Special Education, 14(3).
Xusainov R. va b. O‘zbekistonda kichik biznes va xususiy tadbirkorlik sohasining rivojlanishida soliq imtiyozlarining ahamiyati. // Ekonomika i finansы, 2016. - №5.
Мамажонов, А. Т. (2021). ЭКОНОМИЧЕСКИЕ КРИТЕРИИ КЛАССИФИКАЦИИ ВАЛЮТНЫХ ОПЕРАЦИЙ. TECHика, (3-4 (7-8)), 7-11.
Мамажонов, А. Т. (2022). Молиявий ҳисоботларни тузиш ва тақдим этишнинг концептуал асосларини назарий жиҳатлари. Архив научных исследований, 4(1).
Мамажонов, А. Т. (2022). ОРГАНИЗАЦИОННО-МЕТОДИЧЕСКИЕ АСПЕКТЫ УЧЕТА И АНАЛИЗА ФИНАНСОВЫХ РЕЗУЛЬТАТОВ. ҚАЗАҚСТАН РЕСПУБЛИКАСЫНЫҢ ҒЫЛЫМ ЖӘНЕ ЖОҒАРЫ БІЛІМ МИНИСТРЛІГІ ҚАЗАҚ ҰЛТТЫҚ АГРАРЛЫҚ ЗЕРТТЕУ УНИВЕРСИТЕТІ МИНИСТЕРСТВО НАУКИ И ВЫСШЕГО ОБРАЗОВАНИЯ РЕСПУБЛИКИ КАЗАХСТАН, 395.
Мамажонов, А. Т. (2023). ТЕОРЕТИЧЕСКИЕ ОСНОВЫ ПРОВЕДЕНИЯ МАРЖИНАЛЬНОГО АНАЛИЗА В ХОЗЯЙСТВУЮЩИХ СУБЪЕКТАХ. Gospodarka i Innowacje., 35, 538-542.
Мамажонов, А. Т., & Қодиров, Ш. К. (2022). Фермер хўжаликларида маҳсулот таннархи таҳлили ва уни такомиллаштириш. Science and Education, 3(7), 350-358.
Мамажонов, А. Т., & Хожибоев, М. Ш. (2021). ОСОБЕННОСТИ ОРГАНИЗАЦИИ УЧЕТА В КОММЕРЧЕСКИХ БАНКАХ. TECHика, (3-4 (7-8)), 3-6.