Announcements were made by President Shavkat Mirziyoyev during the annual event for Entrepreneurs’ Day in Tashkent.

Tashkent

Uzbekistan's president has introduced 51 new initiatives designed to foster entrepreneurship across the country. The measures address tax reforms, infrastructure development, youth entrepreneurship, tourism, and export support. The announcement was made during the annual Entrepreneurs' Day open dialogue, which has served as a forum for direct engagement between the president and business leaders since 2021. 

This year, the event included participation from around 300 entrepreneurs, with thousands more contributing through interviews and appeals. Notable policy changes include a reduction in VAT to 12 percent and incentives for businesses transitioning from turnover tax, such as a year free of profit tax and protection from penalties. The government is also offering an amnesty period for entrepreneurs to resolve past issues and start anew.

Uzbekistan: 51 presidential initiatives to boost entrepreneurship

51 initiatives have been announced by Uzbekistan's president during this year's Entrepreneurs' Day. They cover tax reforms, infrastructure development, youth entrepreneurship, tourism, and export support. The annual open dialogue between the president and business leaders has become more than just a forum for discussion. This day has been celebrated since 2021, when it was established as a platform to highlight the role of entrepreneurship in the country's economy. Around 7,000 business owners were interviewed, and more than 13,000 appeals were received through call centers. Around 300 entrepreneurs took part in the dialogue, including those who have joined remotely from across Uzbekistan. On the occasion of this year's Entrepreneurs' Day, the president also awarded a number of active entrepreneurs in recognition of their significant contribution to the country's business development. The president underlined the symbolic significance of holding this year's meeting in New Tashkent, a big project for the building of a new part of the city that embodies the country's bold steps toward renewal and progress. With VAT now reduced to 12 percent and new incentives in place, businesses switching from turnover tax get a year free of profit tax, protection from penalties, and even support with accounts and costs. And as Uzbekistan's president, Ashafgat Mirzyoyev, announced, with the government's amnesty running until November 1, entrepreneurs have the chance to correct their mistakes and start dating with a clean slate. In other words, a fresh start for business, as he noted. Rushana Aliakbarova, Tashkent Euronews.

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