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Kyrgyzstan Planning to Extend High Technology Park Incentives Indefinitely

08 December 2023

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Proposed Changes

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Kyrgyzstan

The Kyrgyzstan Ministry of Economy and Commerce is reportedly finalizing legislation that would extend the tax incentives for residents of the High Technology Park indefinitely. The incentives are currently available for a period of 15 years from the park's creation and include an exemption from corporate income tax, VAT, and sales tax, as well as a 50% reduction in employee income tax and reduced social security contributions equal to 12% of the average salary. Qualifying companies must be engaged in software development, services, and IT exports amounting to at least 90% of total turnover, with at least 80% of income...