News / Legislation news /
The Ministry of Economy proposed the draft amendments to the Tax Code on VAT and sales tax

IBC
July 8, 2015

On July 8, 2015 the Ministry of Economy submitted for public discussion the draft Law of the Kyrgyz Republic “On Amendments and Additions to Certain Legislative Acts of the Kyrgyz Republic”.

The draft law was prepared in order to provide competitiveness of the tax system of the Kyrgyz Republic under the conditions of entering into the Eurasian Economic Union.

For instance, the draft amendment to Article 229 of the Tax Code provides for increase of VAT registration threshold from 4 million to 6 million soms per year. The draft amendment to Article 316 is aimed to abolish sales tax for export supplies and supplies outside of Kyrgyzstan in order to create competitive conditions abroad for sale of goods produced in Kyrgyzstan.

Download the draft Law of the Kyrgyz Republic “On Amendments and Additions to Certain Legislative Acts of the Kyrgyz Republic”