The changes primarily concern the Code on Non-Tax Revenues, where the functions of tax authorities are clarified. They will be responsible for administering fees for licenses to use subsoil resources, waste disposal, contributions for local infrastructure development, as well as fees in the alcohol sector and sampling fees.
Tax authorities are now required to consider taxpayer appeals, maintain records of assessments, and keep documents for six years. The procedure for the refund and offset of overpaid amounts will also change.
A new article is planned to be added to the Code on Offenses, which will impose penalties for illegal activities with jewelry without special registration. Fines will amount to 5,000 soms for individuals and 13,000 soms for legal entities.
Responsibility for moving goods across the border from EAEU countries without the appropriate documents is being tightened, including the possibility of confiscation for repeated violations.
A significant portion of the changes pertains to the Tax Code. A new transaction tax of 0.1 percent will be introduced for transfers of funds between foreign entities through accounts in foreign banks. In this case, banks will act as tax agents.
Additionally, there will be an obligation for taxpayers working outside of Kyrgyzstan to apply a simplified taxation system based on a single tax.
The definition of an account is being clarified, and the grounds for exchanging information between tax authorities, banks, and government institutions are being expanded.
The draft provides for the exemption from taxation of individual income from the sale of passenger cars and motorcycles under commodity item TN VED 8703 until January 1, 2029.
Furthermore, it is proposed to write off tax debts on such income that were formed before January 1, 2026, upon receiving a corresponding application from the taxpayer.
Transitional conditions are being introduced for the jewelry industry: until March 1, 2026, tax audits and raid controls will be prohibited, and products without primary documents can be legalized by entering data into the tax authorities' information system.
Tax and insurance benefits for the garment and textile industry are extended until 2030.
A reduced income tax rate of 1 percent and a special procedure for paying insurance contributions are established for employees of such enterprises.
The rules for property taxation are changing, with the introduction of the obligation for self-assessment of tax in the absence of notification and clarification of the procedure for reporting on objects leased.
Some provisions exclude the possibility of considering tax disputes in arbitration courts and make amendments to legislation on licensing, social insurance, and the regulations of the Jogorku Kenesh.
If the law is adopted, it will come into effect on January 1, 2026, with transitional and deferred deadlines for some provisions.
