The Kyrgyzstan State Tax Service (STS) recently issued a release announcing a reduction in the standard social security (insurance) contribution rate from 27.25% to 12.25% by the Law on Amendments to Certain Legislative Acts of Kyrgyzstan in the Field of Taxation and Social Insurance (Law No. 136 of 23 July 2024), which was published in the Official Gazette on 26 July 2024). This includes a standard contribution rate of 2.25% payable by employers and a standard contribution rate of 10% payable by employees, including foreign nationals and stateless persons, with effect from 1 August 2024. With respect to qualifying disabled...