The tax system in Uzbekistan has been evolving as a result of recent reforms, bringing about challenges such as the complexity of tax legislation, the incomplete digitalization process, and financial risks affecting the economic stability of taxpayers. This article explores the specific features of tax risk management in the Republic of Uzbekistan and the measures to mitigate these risks. The article outlines proposed methods for managing tax risks, including simplifying legislation, enhancing digitalization, and strengthening tax control. Additionally, concrete proposals aimed at improving the efficiency of the tax system are provided. The article is intended to contribute to the improvement of tax system efficiency and the overall economic stability of the country.

The article examines the regulatory legal framework of Uzbekistan's tax legislation, focusing on tax legislation, tax payers' obligations and the role of tax administration bodies. The Tax Code of Uzbekistan is discussed as the basis of taxation, and the rights and obligations of taxpayers are studied. It also draws conclusions on common problems, including tax evasion, the informal economy, complex tax legislation, and the need for greater clarity and simplification of tax rules.

In the context of the development of the digital infrastructure, the specific features of the tax debt collection mechanism in the tax administration were studied in this article, the main focus is on the role of tax legislation and the obligations of taxpayers. Also, conclusions were drawn on general problems, including the need to improve the enforcement of tax obligations and tax evasion, and the need to make tax legislation and tax rules more precise and simpler. At the same time, some important reforms were studied and scientific-practical conclusions and proposals were developed on foreign experience and its application in our country.

Improving the procedures for providing subsidies, benefits and preferences to business entities are underway. In addition, the introduction of the stability rating of business entities in Uzbekistan is one of the important tasks of the main change made in the tax legislation and the improvement of the procedure for granting tax benefits by introducing new approaches to them, increasing the size of market services, expanding the opportunities for creating new jobs for the population. Also, in order to ensure the implementation of the priorities established within the framework of the open dialogue of the president with entrepreneurs, which was held on August 18, 2023, as well as to create more favorable conditions for business entities operating in accordance with the requirements of legislation, paying taxes on time, and to encourage them, the introduction of stability rating of

One of the important tasks is to increase the volume of market services by
introducing new approaches to the tax legislation of the Republic of Uzbekistan in 2024 and
improving the procedure for granting tax benefits. At the same time, some important reforms
implemented in the tax system of Uzbekistan were studied, foreign experience, scientific-practical
conclusions and suggestions on its application in our country were developed

This article examines the legal basis of land taxation, according to which the legal directions of the effective organization of the land tax administration in the tax policy of our country, the ways of their rational use, and also the economic and financial issues related to the land tax are clarified in the legislation.

The article is devoted to the analysis of strategies and methods aimed at optimizing taxation within the framework of the digital economy. In the context of the rapidly developing digital market and the emergence of new forms of commercial activity, effective tax planning is becoming the main aspect of the state's financial stability. The article covers the use of digital technologies in the harmonization of tax legislation, data collection and analysis. Particular attention is paid to the development of effective tax collection mechanisms for digital transactions and services, which are the main factor for ensuring stable and predictable government revenues.

The article focuses on tax legislation, taxpayers' obligations and the role of tax administration bodies. It also draws conclusions on common problems, including tax evasion, complex tax legislation and the need for greater clarity and simplification of tax rules.

This article discusses the issues of effective use of financial instruments to reduce the share of the shadow economy in the country in recent years, as well as the implementation of measures to eliminate conditions and violations that contribute to the secret economy, through the use of tax administration tools developed by tax authorities. In addition, the article analyzes the timely disclosure of tax evasion schemes, develops tax scientific and practical conclusions and proposals to reduce costs associated with ineffective methods of administration, further optimize the structure of tax authorities by centralizing individual functions, increase the efficiency of tax administration, conduct field research research and eliminate contradictions in legislation.

This article examines the unique aspects of the experience of some countries in creating a legal framework for Islamic banks, which have gained their place in the global financial market and have shown stable growth rates. Scholarly commentary is presented on the experiences of neighboring countries such as Tajikistan and Kazakhstan, whose systems of government are similar to those of Uzbekistan and which want a democratic system. Some points are highlighted that should be paid attention to by a country that has begun to create a legal framework for Islamic banking. A study was conducted of the impact of legislative changes in leading countries.

This article presents scientific comments on the research of Muslim economists on the influence of Islamic banks on the economic growth of the country. It is dedicated to reflecting the factors of sustainable development of Islamic banks in 2021-2022 and the pace of change. The position of Islamic banks in different regions of the world is analyzed. The reasons for the changes are indicated and explained. The effectiveness of changes in legislation on the creation of Islamic banks in the leading countries of the world has been studied.

This article talks about laws, decisions and presidential decrees related to the development of small business and entrepreneurship in Uzbekistan. Since the first years of independence, Uzbekistan has paid great attention to the development of the legislation and legal framework for entrepreneurship, the protection of the rights of entrepreneurs, the organization of their financial support, the training and retraining of personnel, and the development of the market infrastructure serving small businesses.

The article is devoted to the study of the legal regulation of the market of digital assets and cryptocurrencies, which is one of the most relevant and dynamically developing areas of modern law and economics. The work examines the main approaches to the regulation of digital assets in various countries, analyzes the advantages and disadvantages of existing legal norms and proposals for their improvement. Based on the analysis, recommendations are proposed for the formation of an effective legal framework that can ensure the stable development of the market for digital assets and cryptocurrencies, while minimizing potential risks.

The article describes the tax system of the Republic of Uzbekistan, the changes made to the tax legislation. The personal income tax and its change indicators for 2022-2023 were studied by the author. Ways of economic-analytical comparison with the tax system of foreign countries are highlighted.

From a theoretical point of view, the article highlights the foreign experience of legal regulation of the organization of internal control and audit, which includes the stages of development of legal support for the organization of internal control and audit around the world, the provisions of the Sarbanes Law. The Oxley Act on the organization of internal control, including: issues such as corporate responsibility, auditor independence and conflict of interest, transparency of financial reporting, creation of regulatory bodies at the organizational and state levels are explored.
The article also provides a more comprehensive overview of the responsibilities for setting up and maintaining internal controls and the requirements for a board of directors in the UK. In addition, the main documents in the field of regulation of internal control and audit in the EU countries were studied. Unlike foreign countries, our national legislation subjected to a critical analysis of the existing legal documents on the organization of internal control and audit.

The article discusses the areas of attracting investments in organizations, the opportunities created in the legislation in this regard, the methods of effective use of investments and the scientific-theoretical views of foreign and domestic scientists in this regard, the definition of authorship, and at the same time the importance of financial methods in the management of insecticides.

Digitalization and automation processes provide tremendous opportunities for the development of tourism organizations. At the same time, they are accompanied by financial risks, since modernization involves a profound change in business processes, the development of new information systems and a long-term restructuring of the entire operation of the enterprise. Thus, a situation arises in which, on the one hand, the company may be overtaken by the risks associated with the digital divide, and on the other hand, the risks associated with the introduction of new technologies into business processes.

The article examines the types of exchange rate differences that arise as a result of transactions with various foreign companies during the financial and economic activities of enterprises and their recognition in the accounting system of the enterprise and according to tax legislation. Conclusions and suggestions are given on the conducted researches.

Рақамли трансформация замонавий бизнеснинг ажралмас қисмига айланяпти ва сунъий интеллектни (СИ) компания жараёнларига жорий этиш самарадорликни ошириш учун янги имкониятлар яратади. Аммо маълумотлар ҳажмининг ўсиши билан уларни ҳимоя қилиш ва махфийлик принциплари бўйича қонунларга риоя қилиш муҳим аҳамиятга эга. Ушбу мақолада рақамли трансформациянинг асосий жиҳатлари ва СИнинг маълумотларни ҳимоя қилиш қонунчилигига мувофиқ жорий этилиши кўриб чиқилган. Махфийликни таъминлаш методларига, жумладан маълумотларни анонимлаштириш ва шахсий маълумотларни ҳимоя қилиш учун машина ўрганиш алгоритмларидан фойдаланишга алоҳида эътибор қаратилган.

This article analyzes the concept of financial derivatives, their types and practical application. It also presents the level of development of the derivatives market in Uzbekistan, existing problems and the author's proposals for their elimination. The study highlights the importance of derivatives for the economy, their role in risk management and the opportunities they create for investors. The author proposes important measures to improve the legislative framework, create infrastructure and attract investors to develop the financial derivatives market in Uzbekistan.

This article analyzes the impact of financial technologies (FinTech) on the development of Uzbekistan’s financial system. It is argued that FinTech projects serve as an essential tool for improving financial inclusion, enhancing service efficiency, and boosting economic productivity through digital payments, mobile banking, and microcredit services. The discussion is based on statistical data, international practices, and national legislation, highlighting the future potential of FinTech in the country.

The purpose of this study is to consider current issues of industrial policy in Uzbekistan. Scientifically analyzes the current situation (statistics, analysis), processes (practical reforms, legislation) and prospects (strategy, proposals) in the direction of localization and import substitution in the oil and gas industry, formulates proposals. The article describes problem situations and ways to solve them using the example of localization and reduction of imports of JSC “Uzbekneftegaz”.

In most cases, it is justified to look for the root of any defects and shortcomings in the social and spiritual environment of the family, and it is a great fact that strong families are the basis of a strong, stable and prosperous state. In the East, in Muslim countries, the family has been considered a sacred place since time immemorial. If the family is healthy and strong, peace and harmony will reign in the country. After all, family well-being is the basis of national well-being. Therefore, the role and importance of the family in public life in the legislation of states has been given special attention since ancient times. In particular, our Constitution says that "The family is the main link in society and has the right to be under the protection of society and the state."

This article provides a comprehensive analysis of the process of modernizing Uzbekistan’s tax system based on digital technologies. It reveals the essence of digitalization, its role in improving the efficiency of tax administration, as well as its specific strategic significance within the system of public governance. As practical outcomes of digital reforms, the article examines in detail the electronic document exchange system, platforms for submitting online tax declarations, the taxpayer’s personal cabinet, the information security infrastructure, integrated databases among tax authorities, and automated control systems. In addition, the study thoroughly analyzes the main problems encountered during the digitalization process, including infrastructure disparities between regions, insufficient internet speed and technical support, low digital literacy among the population and entrepreneurs, gaps in legislation, and cybersecurity risks. Along with the organizational, economic, and technical barriers faced in implementing digital systems, the article develops scientifically grounded proposals for overcoming these problems. The results highlight effective mechanisms for increasing transparency, reducing tax administration costs, minimizing human-factor-related errors, and creating convenient conditions for taxpayers through the modernization of the tax system. The findings are expected to be of practical significance for tax authorities, economic experts, business entities, and state institutions implementing digitalization policy.

This article examines such important conditions for entrepreneurship development as ensuring the rights and freedoms that define the independence of business entities, access to sufficient financial resources, common trade legislation, and the availability of tax incentives. Accordingly, all countries are creating effective mechanisms and mechanisms to ensure the sustainability of the vital activity of private enterprise.