Kyrgyzstan's parliament approves amendments to tax code

Lawmakers in Kyrgyzstan's Jogorku Kenesh approved amendments to tax legislation in the second and third readings on 28 October. The bill was presented by Altynbek Kudaiberdiev, chair of the parliamentary committee on finance, budget, entrepreneurship and competition development.

Under the bill, sewing and textile producers, and sellers trading through marketplaces, would be exempt from paying the single tax and filing single tax reports from 1 August to 31 December 2026. The royalty rate for extracting gypsum and natural stone for facing materials would fall to 3%, from 6% and 12% respectively. From 1 September 2025 to 31 August 2026, tax liability measures would not apply to taxpayers who paid the single tax and sales tax at their tax registration location instead of their accounting registration location.

The bill also sets a special tax regime for the Tamchy special financial-investment territory, exempting it from filing a unified tax declaration. Interest income and capital gains from securities would not be subject to income tax, and imports of raw materials for national passports and excise stamps would be exempt from VAT. Amendments to the Code on Offences set fines of 3,000 soms for failing to file an asset and income declaration on time, 5,000 soms for false or incomplete information, and 10,000 soms for repeated violations or failure to fix them.