The Tax Committee of Uzbekistan issued clarifications on the draft resolution regulating information exchange between banks and tax authorities. The statement was prompted by active public discussion of possible changes in approaches to accessing financial data.

The agency emphasized that the document does not abolish or restrict the operation of banking secrecy, enshrined in law. It is only about formalizing existing mechanisms of interaction between financial institutions and tax authorities.

It is separately noted that the current norms of the law "On Banking Secrecy" allow the transfer of certain information within the framework of tax control. The Tax Code also provides for information exchange between banks and state bodies according to established procedures.

The draft resolution was developed as part of measures to reduce the shadow economy and applies only to cases where large regular receipts, characteristic of unregistered entrepreneurial activity, pass through personal accounts. At the same time, household transfers between individuals, including assistance to relatives and debt repayment, do not fall under the regulation.