According to tax legislation, business entities are classified into three categories depending on their income for the last year.
Small Business
· The total income for the last 12 months must not exceed 8 million soms — for both organizations and individual entrepreneurs.
· Reporting deadlines: reports must be submitted by the 20th of the month following each quarter.
· Tax payment deadlines: also by the 20th of the month following the reporting quarter.
Medium Business
· Income for the last 12 months ranges from 8 to 50 million soms — for organizations and individual entrepreneurs.
· Reporting: reports must be submitted monthly by the 20th of the following month.
· Tax payment: similarly, by the 20th of the month following the reporting month.
Large Business
· The total income exceeds 50 million soms — for organizations and individual entrepreneurs.
· The tax authority may classify certain entities as large taxpayers according to the criteria established by the Cabinet of Ministers.
· Reporting: also monthly, by the 20th of the following month.
· Tax payment: by the 20th of the month following the reporting month.
It is important to note that even if income changes during the year and exceeds or falls below the established threshold, the entrepreneur retains their category until the end of the calendar year.
It should be remembered that meeting tax obligation deadlines will help avoid fines and additional sanctions.
