Tax benefits with regard to taxation of profit from solid investment were proposed at the Parliament

On March 16, 2015 the draft Law “On Amendment and Additions to the Tax Code of the Kyrgyz Republic” were proposed at the Parliament. It was proposed to impose tax at the rate of 0% on profit of domestic business entities from production and sale of goods of own production including production and sale of goods received from processing of goods in the Kyrgyz Republic using new equipment.

According to the explanatory note the purpose of the draft law is to provide stimulation for attracting solid investment into the Kyrgyz Republic by providing profit tax benefits.