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Kyrgyzstan's New Tax Code Signed into Law Including Two Main Tax Regimes, VAT Requirements for Foreign Electronic Service Providers, and Other Changes

28 January 2022

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Approved Changes

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Kyrgyzstan

The Kyrgyzstan State Tax Service has published the text of the new Tax Code, which was signed into law by the president on 18 January 2022. A separate release published on the president website provides an overview of some of the key aspects of the new Tax Code, including two main tax regimes: The general tax regime, which is mandatory for large businesses with turnover of at least KGS 30 million (~USD 354,000), with mandatory VAT registration; and The simplified single tax regime for smaller businesses with turnover below KGS 30 million, which replaces corporate income tax, sales tax, and...