The amendments were introduced by the Law of the Kyrgyz Republic "On Amendments to Certain Legislative Acts in the Field of Taxation, Social Insurance, and Non-Tax Revenues," which came into effect on December 31, 2025.
According to the new provisions, equipment, technologies, reagents, and semi-finished products used in jewelry production and imported into Kyrgyzstan are exempt from value-added tax, as stated in the official announcement.
Additionally, the tax service noted that the new law provides for the legalization of stocks of jewelry made from precious metals that were imported or produced earlier. This process will take place over two months, during which a moratorium on inspections by tax authorities will be in effect.
Domestic jewelry manufacturers have also been given the opportunity to voluntarily test and mark their products with their own hallmark confirming the assay, excluding the state assay hallmark.
The changes also affected the Code of the Kyrgyz Republic on Offenses, where liability for activities involving jewelry without special accounting was introduced. Fines amount to 5000 soms for individuals and 13,000 soms for legal entities.
The STS emphasized that these measures are aimed at supporting the jewelry industry, reducing production costs, increasing its competitiveness, as well as accelerating the modernization of production and the introduction of modern technologies that allow for the production of products that meet international standards.
Historical Context
Previously, according to the Law of the Kyrgyz Republic dated July 31, 2025, a single tax rate of 0.25% was established for manufacturers and sellers of jewelry, whereas earlier rates ranged from 2% to 4%.
