VAT news tagged as "Deductibility"


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 …