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TAX SYSTEM OF KYRGYZ REPUBLIC
۩ State Committee of Kyrgyzstan under Taxes and Tax collections
*English version of the New Tax Code
NB! Business opportunities in Kyrgyzstan* Kyrgyz Republic - Paying Taxes is Getting Easier in the Kyrgyz ...For example, it takes 9 days to comply with consumption taxes in Kyrgyzstan, but only one day in Switzerland. Compliance issues can significantly affect the ...
* Paying Taxes in Kyrgyz Republic ( Doing business report)
* Starting a Business in Kyrgyz Republic( Doing business report)
* Kyrgyzstan statistics: ( NationMaster.com)The taxation policy on the territory of the Kyrgyz Republic is carried out by the government of the Kyrgyz Republic. Taxes are imposed by Jogorku Kenesh of the Kyrgyz Republic and local state administration bodies in accordance with the legislation. The unified application of tax legislation is ensured by the Ministry of Finance of the Kyrgyz Republic. The Tax Law of the Kyrgyz Republic has been effective since June 26, 1996. It is a code of laws concerning all taxes, their administration, and tax activities of taxpayers on the territory of the Kyrgyz Republic except customs duties, customs fees and payments regulated by the customs legislation.
The statements of the Tax Code are applied to all taxes coming into effect under this Code. The basic excise tax rates are specified by the Law of the Kyrgyz Republic of July 8, 1999 and March 24, 2001
On the Basic Excise Tax Rates on the Commodities that are Subject to Excise and Are Imported or Produced by Legal and Physical Persons in the Kyrgyz Republic.Types of taxes and fees in the Kyrgyz Republic
1. The following types of taxes and fees shall be imposed in the Kyrgyz Republic: national taxes and fees and local taxes and fees.
3. Local taxes and(or) fees shall be recognized as taxes and fees established and introduced pursuant to this Code through the normative legal acts passed by the Local Keneshs and subject to compulsory payment in the territories of respective territorial and administrative units.
2. National taxes and fees shall be recognized as taxes and fees established by this Code and payable in a compulsory way throughout the territory of the Kyrgyz Republic.
National taxes and fees shall include:
1) Personal Income Tax;
Income tax (paid by natural persons in percentage terms according to sum of annual taxable income). At annual taxable income up to 50 minimal salaries rate of tax is 10 % from sum of income, at income over 50 minimal salaries rate of tax is rate from 50 minimal salaries plus 20 % of sum exceeding it. If your activity is production or retail trade of consumer goods, or it is related to consumer services or agriculture, you could choose fixed form of income tax payment, that is you could buy patent. Cost of patent depends on kind of activity and it granted for a fixed period from 15 days to 1 tax year.2) Profit Tax -tax on profit and revenue of enterprises ; (paid by juridical persons). Profit tax is calculated by rate of 10 % from income, which is estimated as difference between total return and payments set by Tax Code.
3) Value Added Tax;-(20 percent of the value of taxable goods);
VAT is applied to imports entering from non-CIS countries when the goods entering the country were not processed by customs of another CIS country before reaching Kyrgyzstan. This tax is collected from any legal entity and physical person. Imports from CIS countries are not subject to VAT. Various goods are exempt from VAT, including disaster relief, goods entering Kyrgyzstan erroneously, goods for official (diplomatic, consular, representative) and personal purposes, goods imported as basic means of production or purchased on credit, humanitarian aid, and transit goods. Maximum fees, based on the declared value may include:--VAT: 20 percent;
--processing documents: 0.15 percent;
--customs duties: 10 percent.4) Excise tax;-audio and video devices: 20 percent; carpets: 35 percent; crystal: 30 percent; goods made of gold:
10 percent);
5) Land tax; (rates of land tax shall be developed by government and approved by Parliament)
6) Mineral tax;
7) Road tax; (0.8 percent of gross income)
8) Contributions to the Fund for Prevention and Liquidation of Emergency Situations;
(1.5 percent turnover or gross income)
9) Tax payable by the owners of vehicles
10) Real property tax;
11) Tax on sales and on services provided to physical persons.Individuals are exempt from income tax if they work for an organization which has a special agreement with the Government of Kyrgyzstan (such as a foreign embassy).
1) Tax on advertising;
2) Tax for garbage removal
3) Hotel tax;
4) Fee for parking.
► Free Economic Zones * Washington Times- Free economic zone in Kyrgyzstan
* Country studies -Kyrgyzstan ( Unated Nations-http://www.unescap.org/ )
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