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The Ministry of Finance proposes to introduce amendments and additions to the Tax Code and the Law on introduction of the Tax Code into operation

September 1, 2014

On August 29, 2014 the draft Law “On Additions and Amendments to Certain Legislative Acts of the Kyrgyz Republic” (to the Tax Code of the KR and the Law of the KR “On Introduction of the Tax Code into Operation”) was introduced into the Jogorku Kenesh.

First, it was proposed that information about tax payments actually made by legal entities and individuals to the state budget shall not be tax secret. According to the explanatory note it is important to provide open tax information for businesses to obtain relevant information about contractors and to provide access for citizens to information, except for personal information of others and state secret.

Second, the draft law was aimed to invalidate Part 4 of Article 6 of the Law on introduction of the Tax Code into operation, according to which Paragraph 34 of Article 167 was deemed to become invalid since January 1, 2014. However, according to the Law of the KR No. 169 “On Amendments and Additions to Certain Legislative Acts of the Kyrgyz Republic” dated October 6, 2012 Paragraph 34 of Article 167 of the Tax Code became Paragraph 35. Part 4 of Article 6 of the Law on introduction of the Tax Code into operation had to extend its application to Paragraph 34 which became Paragraph 35. The draft law was designed to remove the above mentioned contradictions.

You can find more detailed information on the draft law in the attachment.

Download the file «Proekt_Minfina_-_Izmeneniya_v_NK_KR_-_29.08.2014.rar»