The State Tax Service of Kyrgyzstan reminds that there is little time left until March 1 of this year for the legalization of jewelry made of precious metals that were imported or produced without primary documents.
This initiative allows avoiding liability and fulfilling the obligations of a tax agent. Taxpayers have only 16 days left to take advantage of this opportunity.
It should be noted that reduced rates for assay fees related to testing and hallmarking apply to legalized items:
– for jewelry made of gold, platinum, and palladium, as well as for foreign-made items, including those previously used, the cost will be 10 soms for each item;
– silver jewelry, both domestic and foreign-made, will be subject to a fee of 8 soms for each unit.
To complete the process of legalizing jewelry, the taxpayer must submit the necessary documents through the electronic system ESF before the specified deadline.
For this, it is necessary:
1.
Log into the electronic invoice system at the website esf.salyk.kg;
2.
Go to the "Acquisition" section and select the DPBU subsection;
3.
Click the "Add" button in the upper right corner;
4.
In the pop-up window, check the box "Entering information about precious jewelry made of precious metals," specifying the name, weight, quantity, and fineness;
5.
When selecting this option, the main details of the document will be generated automatically, and the taxpayer will only need to fill in the commodity part.
Commodity codes in the commodity part must correspond to the Unified Commodity Nomenclature of Foreign Economic Activity of the Eurasian Economic Union (HS EAEU).
It is also recommended to indicate the type of jewelry and its fineness in the product name, for example: gold ring 585 fineness, silver earrings 925 fineness, and so on.
In each line, it is necessary to fill in the unit of measurement (pieces or grams), quantity, price per unit, and total cost.
6.
The product name must be registered in the product directory in the "Profile" section — subsection "Goods and Services," for which you need to click the "Add new product" button in the upper right corner of the screen.
It is important to remember that the electronic document cannot be changed or canceled. Therefore, all data must be entered correctly and without errors, as they will be recorded and cannot be changed further.
After entering the information into the electronic invoice system, taxpayers must contact the UGN to undergo the procedure for testing and hallmarking the legalized jewelry.
We remind you that according to the decision of the Cabinet of Ministers of the Kyrgyz Republic, the voluntary patent for this area has been canceled. In this regard, taxpayers engaged in operations with precious metals and jewelry are required to apply a simplified taxation system with a tax rate of 0.25%, using cash register machines.
