The President of Kyrgyzstan signed the law on amendments to certain legislative acts of Kyrgyzstan in the sphere of taxation. Press service of the head of state reported.
The law was adopted by the Parliament on March 16, 2023. The document provides for norms aimed at creating conditions for fair competition and reducing the shadow component of the economy. The document also provides for the cancellation of tax debts of entities affected by the armed conflict on the Kyrgyz-Tajik section of the state border in Batken and Osh regions.
The mode of operation based on a single tax without limiting the amount of revenue has been expanded. Now it is 30 million soms.
An indefinite tax exemption has been introduced for individual entrepreneurs with an annual volume of proceeds from the sale of goods, works, services up to 8 million soms, fulfilling the requirements for the use of cash registers.
The single tax rates are set at:
1) 0.1 percent for entrepreneurs in markets whose annual turnover does not exceed 100 million soms.
2) Reduction of the single tax rate for trade from 4 percent for cash and 2 percent for non-cash payments to:
- 0.5 percent — with an annual turnover of up to 30 million soms;
- 1 percent — with a turnover of 30 to 50 million soms.
3) For catering services without limit on the amount of revenue:
— in the cities of Bishkek and Osh:
- a) 6 percent — in cash;
- b) 4 percent — in non-cash form;
— in the rest of the territory of Kyrgyzstan:
- a) 4 percent — in cash;
- b) 2 percent — in non-cash form.
4) For residents of Creative Industries Park:
- in 2023 and 2024 — 0.5 percent;
- in 2025 and 2026 — 1 percent;
- from 2027 — 2 percent.
The validity of licenses for trading activities is set until January 1, 2024.
The amendments to the Tax Code provide for a number of other changes. The law enters into force on the day of its publication, with the exception of certain norms for which a different period of entry into force is determined.
