Uzbekistan

Cash payment is not possible for goods whose value exceeds 400 BHM.

Previously, this limit value was set at 25 million soums.

Cash payment is not possible for goods whose value exceeds 400 BHM.

In Uzbekistan, cash payments for goods and services exceeding 400 times the basic calculation value (BCV) have been banned. Such payments will now be made via bank cards or electronic payment systems. This was stipulated in the President's decree of August 27.

 

Previously, this restriction applied to goods and services worth over 25 million soums. Under the new procedure, the threshold has been set at 400 times the BCV.

 

As the BCV will increase from 412,000 soums to 440,000 soums starting September 1, 2026, 400 BCV will amount to 176 million soums.

 

Cases where non-cash payment is mandatory include services provided by state bodies, payments for electricity, natural gas, and drinking water, alcoholic beverages and tobacco products, sales of oil and gas products at fuel filling stations, and electric vehicle charging services.

 

Additionally, for the purchase and sale of goods and services worth over 400 BCV, real estate properties, vehicles of categories M, N, O, and G not older than 10 years since manufacture, as well as special vehicles, payments will also be made via bank cards or electronic payment systems. Agricultural products are excluded from this requirement.

 

The decree also includes other measures aimed at protecting business activities. In particular, the presumption of the entrepreneur's rightfulness applies in public-law relations between state bodies and business entities.

 

Irreconcilable contradictions and ambiguities in legislation, as well as doubts arising from insufficient evidence provided by a state body, will be interpreted in favor of the entrepreneur.

 

Furthermore, an economic amnesty called "Second Chance" will be introduced for entrepreneurs. A rule of issuing a warning for the first offense will be introduced when applying financial fines. A three-year moratorium on inspections of small business entities has also been introduced.

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Certificate: №1346 Issue date: 28.05.2020

Idea author: Firdavs Fridunovich Abdukhalikov

Founder: "Master Media Production and Broadcast"