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The addition and amendment to the Tax Code of the Kyrgyz Republic approved

January 12, 2015

On January 12, 2015 the President of the Kyrgyz Republic Almazbek Atambayev signed the Law of the Kyrgyz Republic “On the Addition and Amendment to the Tax Code of the Kyrgyz Republic”.

The purpose of the Law is to remove existing ambiguities and contradictions with regard to VAT calculation qualified for offset in case of paying it to the budget related to barter operations and application of VAT calculation methods.

The Law provides for that the amendments introduced shall apply to the tax relations that arose from April 1, 2014.