Kyrgyzstan

Kyrgyzstan raises Sales Tax to 5%

August 25th, 2018

Kyrgyzstan is raising its 2% Sales Tax to 5%. VAT will remain at the current 12%. Sales Tax is charged on incorporated company turnover for the provision of any goods or services – so it is therefore closer to a turnover tax in nature. It is payable monthly with declarations due by the 21stof the …


Kyrgyzstan

Kyrgyzstan tightens VAT deductibility rules

March 25th, 2014

The Kyrgyzstan tax code has been amended to restrict VAT deductions. From the 1 April, VAT deductions will only be allowable on goods or services where the VAT has been settled (as opposed to the accruals accounting methodology). Furthermore, the payments must have been made through an approved bank account. Kyrgyzstan VAT is currently levied …