THE IMPORTANCE OF TAX PAYMENTS IN THE DEVELOPMENT OF SMALL BUSINESS
Keywords:
Keywords. Small business, tax policy, tax payments, entrepreneurship, economic development, tax benefits, budget revenues, financial stability, investment environment, simplified tax system, GDP, economy of 2026.Abstract
Abstract. This article provides a comprehensive analysis of the economic
importance of tax payments in the development of small business. In particular, the
impact of tax policy on the activities of small business entities, as well as its role in
increasing their financial stability and investment attractiveness, is scientifically
substantiated. As of 2026, in many countries, including Uzbekistan, mechanisms such
as optimizing the tax burden, granting benefits, and introducing simplified tax systems
are widely applied in order to stimulate economic growth and support small business.
The article also notes that in 2026, the share of small business in GDP in many
developing countries is around 50–60%, while in Uzbekistan this indicator has
approached 55%. This indicates the need for further improvement of tax policy. In
conclusion, it is substantiated that effective tax mechanisms are an important factor in
the development of small business.
References
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