Tax authorities in Uzbekistan have ramped up monitoring of P2P transfers to detect entrepreneurs concealing sales revenue by receiving payments on personal bank cards. Social media reports indicate citizens being summoned to tax inspections for questioning.

On April 6, 2026, Tax Committee Chairman Farrukh Pulatov proposed enhanced P2P monitoring at a meeting with the head of state. Official plans aim to generate an additional 30 trillion soums in budget revenue this year through P2P monitoring, product labeling, and other measures.

By mid-May, rumors spread online about individuals regularly receiving P2P transfers being called to tax offices. Telegram channel 'Potrebitel.Uz' reported a case where a person with 2,500 P2P transactions over three years was given a detailed document and asked to provide explanations.

A photo of a tax notice sent to an entrepreneur allegedly hiding income via P2P surfaced online. The letter states the concealment was 'established based on data available to the tax authority and information from external sources,' listing the individual's P2P turnover for January-November 2025.

On May 13, the Tax Committee issued a statement saying it is analyzing cases of trade via P2P by 'certain' business entities. It emphasized the process aims to ensure economic fairness and reduce the shadow economy, not to punish.

Economist Shukhrat Kurbanov questioned the legality of obtaining bank secrecy data, noting unclear selection criteria. He cited Kazakhstan's model, where analysis triggers only when transfers exceed certain thresholds in number and amount.

Kurbanov urged legislative clarity, arguing P2P transactions are better than cash but warning against mass violations of bank secrecy. Article 11 of the Law 'On Banking Secrecy' allows data sharing with tax authorities in tax-related cases, but whether it permits broad data collection remains disputed.

Source: kun.uz