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Database of owners renting out housing being compiled in Bishkek

Raids are conducted in Bishkek to register individuals providing residential space for rent (landlords) with the tax authorities.

According to the press service of the City Hall, employees of the district administration together with inspectors of the district tax service and specialists of the local territorial administration are compiling a database of landlords in the territory of Sverdlovsky district; the work is being carried out in multi-story buildings.

The measures are being taken due to frequent complaints from city residents and in order to replenish the revenue side of the local budget.

The cost of a license for the service of providing residential space for rent is: multi-story buildings — 30 soms per square meter, individual houses — 40 per square meter.

In accordance with the Law «On Tariffs of Insurance Payments for State Social Insurance», individual entrepreneurs and individuals, who receive income from renting out movable and immovable property (except agricultural land), pay insurance contributions monthly in the amount of at least 10 percent of the average monthly salary.

Tax evasion entails a fine of 75 calculated rates for individuals and 230 calculated rates for legal entities.

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