The State Tax Service of the Kyrgyz Republic reminds of the necessity to provide consolidated information about income and expenses for an expanded circle of NGOs.
According to the new law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic on Reporting by Certain Non-Profit Organizations," political parties, trade unions, religious organizations, and cooperatives are required to provide detailed information about the formation of funds, their expenditure, as well as about property that is acquired, used, or sold.
This information must be submitted to the GNS in electronic format by April 1 of each year through the Taxpayer's Cabinet.
The GNS indicates that the innovations are the result of the implementation of a decision by the Constitutional Court of the KR, which called for a unified approach and legal regime for the financial reporting of all public associations.
Previously, the mandatory provision of such information was only required for public associations, foundations, institutions, and associations of legal entities operating on the basis of gratuitous monetary and material resources regulated by the Law of the Kyrgyz Republic "On Non-Profit Organizations."
