Procedure and analysis of turnover tax payment for individual entrepreneurs and self-employed persons in Uzbekistan

This analysis examines the advantages and disadvantages of the 1% turnover tax payment procedure for individual entrepreneurs and self-employed persons in Uzbekistan. It is noted that reducing the tax burden and simplifying administration will serve to reduce the shadow economy and attract entrepreneurs to the formal sector. Based on an analysis of international experience, it is proposed to gradually transition the activities of self-employed persons to the status of an individual entrepreneur, revise social tax rates, and further simplify the tax system.