The VAT Project Presented for Discussion: Who Will Fall Under the "Risk Indicators"

Наталья Маркова Economy
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The Ministry of Economy and Commerce of the Kyrgyz Republic has completed the revision of the draft resolution aimed at improving VAT tax administration and reducing instances of unjustified understatement of the tax base. The press service of the Ministry of Economy and Commerce reported that this document, which modifies the implementation measures of Article 307 of the Tax Code, has been submitted for public discussion again.

The goal of the Ministry of Economy's initiative is to create a fair competitive environment for honest entrepreneurs and to define the VAT tax base for entities that exhibit risk signs.

During the coordination process with government structures and during public discussions, various comments and suggestions were received from business representatives.

The revised draft takes into account the expressed suggestions and includes several key changes.
The updated draft resolution has been published on the Unified Portal for public discussion of regulatory acts.
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