Individual entrepreneurs and members of family business

An individual entrepreneur, simultaneously with registration with the state tax service, becomes a person subject to state social insurance as a payer of contributions to the off-budget Pension Fund.

The right of an individual entrepreneur to pensions comes when he reaches retirement age or other cases provided for by law.

The individual entrepreneur independently establishes the amount of insurance contributions to the extra-budgetary Pension Fund, based on the available options and the desired amount of pensions and social insurance allowance

The minimum amount of insurance contributions to the extra-budgetary Pension Fund for each month must be at least one minimum wage, and for entrepreneurs who have acquired the right to get age related pension, as well as those who are disabled in Groups I and II, not less than fifty percent of the minimum wage established in Republic of Uzbekistan.

In the period when the entrepreneur has suspended entrepreneurial activity in accordance with the established procedure, payment of insurance contributions is not made, and the seniority for this period is not taken into account.

Insurance contributions are paid in the periods established for payment of taxes on income of individuals engaged in entrepreneurial activities.

Individual entrepreneurs are responsible for the timely payment of insurance contributions in accordance with tax laws.

To the seniority of an individual entrepreneur, the periods in which he paid insurance contributions to the off-budget Pension Fund are counted.

When calculating the seniority for assigning pensions and allowances for state social insurance, the calendar year is counted in the seniority if the amount of contributions made was not less than the minimum established contribution for all months of this year (without taking into account the penalties paid).

The period of temporary incapacity for work of an entrepreneur is included in the seniority for the purpose of granting pensions and allowances for state social insurance, regardless of the payment of insurance contributions to the off-budget Pension Fund.

In those cases where the main activity of an entrepreneur during the full calendar year is the production and processing of agricultural products, a calendar year is counted in the seniority if contributions were made in this year for at least 9 months.

The  business activity as an entrepreneur and its length of testimony are not confirmed by testimonies.

The income of an entrepreneur for a particular month, taken into account when calculating the amount of a pension, is determined by dividing the amount of the paid monthly insurance contribution by the total percentage of contributions of insurance contributions for employers and employees established by legislation and multiplying the result by 100.

The pension is appointed at the place of residence, and social insurance allowance - at the place of registration of the entrepreneur by the district (city) department of the off-budget Pension Fund under the Ministry of Finance in the manner prescribed by the current legislation.

Social insurance allowance are granted if the right to receive this pension is initiated by the entrepreneur during the payment of insurance contributions.

Frequently Asked Questions (FAQ)