Kyrgyzstan to Increase Sales Tax Rate to 5%
The Kyrgyzstan Ministry of the Economy has announced a draft law that includes measure to replace the current differentiated rates of sales tax (1% to 3%) with a single rate of 5%. As currently provided, the increased rate would only apply for cash payments, which is part of the government's plan to promote the use of non-cash payment (e.g., bank cards). Value Added Tax, which is le…
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