Submitting a zero report: an obligation even without activity

Many aspiring entrepreneurs mistakenly believe that if a company is not conducting business, they do not need to submit tax and accounting reports. However, the legislation of the Republic of Uzbekistan requires all registered legal entities, including inactive organizations, to submit so-called zero reports.

What is a zero report?

A zero report is a set of accounting and tax forms that reflect the absence of financial and economic activity during the reporting period.
In other words, the company officially informs the tax authorities that:

• it received no income;
• it incurred no expenses;
• it did not accrue wages;
• it had no bank account transactions.
  These reports are submitted within the same deadlines as regular accounting reports. The only difference is the indicators—they are zero.

Who is required to submit a zero report?

The obligation to submit a zero report applies to:

• LLCs, JSCs, and other legal entities that have suspended operations;
• New companies that have not yet commenced operations;
• Enterprises that are temporarily without employees or operations.
  Even if an organization is newly registered and has not been active for a single day, it is required to submit reports to the tax office and statistical authorities.

What is included in a zero report?

The contents of a zero report depend on the type of ownership and tax system, but typically include:

• Balance sheet;
• Financial performance report;
• Income tax or single tax declaration;
• VAT report (if necessary);
• Insurance premium and personnel reports.
  When submitting reports, it is important to adhere to the established filing deadlines and use the electronic format—via the my.soliq.uz system or other approved channels.

Liability for failure to submit zero reports

Failure to submit reports on time or not at all entails administrative fines. Furthermore, tax authorities may declare a company “inactive” and initiate liquidation proceedings. Therefore, even if your business is inactive, it is important to submit reports to the state on a timely basis.

Why entrust reporting to specialists

The professional accountants at Reshenie.UZ handle the entire process of preparing and submitting zero reports. We will:

• correctly complete all forms;
• submit reports on time through official channels;
• notify you of the submission and provide supporting documents.
  This approach eliminates errors, reduces the risk of fines, and saves you time.

Conclusion

Submitting a zero report is not a formality, but an obligation for every registered organization. Even if your business is temporarily suspended, reports must be submitted.
By entrusting this to professionals, you preserve your company’s reputation, avoid fines, and fully comply with legal requirements.

 

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