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Kyrgyzstan Finalizing Fiscal Policy Plan for 2019-2021

19 December 2018

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Proposed Changes

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Kyrgyzstan

The Kyrgyzstan Government is currently finalizing its fiscal policy plan for 2019-2021, which includes the implementation of several tax-related measures. Some of the key measures include the introduction of: A modern transfer pricing regime in line with international standards; A corporate income and property tax exemption incentive for companies that export at least KGS 10 million in goods per year or create at least 20 new jobs in underdeveloped areas A reverse charge mechanism for value added tax; Rules for the taxation of e-commerce; and An exemption threshold for individual income tax purposes (currently a flat 10% rate applies). After...