Tax laws Kyrgyzstan
Kyrgyzstan's taxation system is governed by the Tax Code of the Kyrgyz Republic, which has been effective since June 26, 1996. This code outlines all aspects of taxation, including the administration and activities of taxpayers within the country.
Key Taxes in Kyrgyzstan:
Value Added Tax (VAT):
- Rate: 12% applied to most goods and services.
- Additional Sales Tax: An extra sales tax of 1% for trade activities and 2% for other business activities is imposed.
Income Taxes:
- Personal Income Tax: A flat rate of 10% is applied to individual income.
- Corporate Income Tax (Profit Tax): Resident companies are subject to a 10% tax on their worldwide income.
Social Security Contributions:
- Employee Contributions: Employees contribute 10% of their gross salary to the Social Fund.
- Employer Contributions: Employers contribute an additional 10% of the employee's gross salary to the Social Fund.
Recent Developments:
Unified Tax Return Cancellation: Citizens are no longer required to file a unified tax return, reducing bureaucratic procedures.
Tax for Taxi Drivers and Couriers: A new tax of 1% of income has been introduced for taxi drivers and couriers. This payment is withheld by the company facilitating the orders.
Tax Administration:
The State Tax Service under the Government of the Kyrgyz Republic is responsible for ensuring compliance with tax laws and the timely payment of taxes. The Ministry of Finance oversees the development of fiscal and economic policies, including taxation.
Note: Tax laws and regulations are subject to change. For the most current information, it is advisable to consult the State Tax Service or seek professional tax advice.
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