Kyrgyzstan proposes new amendments to Tax Code

The Jogorku Kenesh has put a draft package of amendments to Kyrgyzstan's Tax Code up for public discussion. Such changes are usually adopted once a year as a large package. This round focuses on expanding tax authorities' access to fiscal software data and bank accounts when collecting debts, revising rules for the single tax, and simplifying the write-off of bad debts.

Under the draft, taxpayers would have to give tax officials access to the fiscal software they use. After a tax payment demand is issued, banks and electronic money operators would have to provide tax authorities with real-time information on account balances and transactions. Debts recognised as uncollectable would be moved to a virtual archive for six years, and the tax obligations of deceased citizens would end automatically.

The draft also includes temporary tax relief for sewing and textile producers and for sellers working through electronic trading platforms in EAEU countries. Kaktus.media reviewed the proposed amendments.