The President instructed the Cabinet of Ministers to prepare this draft law for discussion in the Jogorku Kenesh within a month.
In this article, we will examine what changes will be made and how they will affect taxpayers.
Changes to Article 26 of the Tax Code of the Kyrgyz Republic on non-tax revenues:
| 3 | The tax service authority must consider the application for a refund of the license fee for the use of subsoil within 10 days and make a decision. | The tax service authority is obliged to consider the application for a refund or offset of the license fee for the use of subsoil within 10 calendar days and make a decision. |
| 4 | The refund of the overpaid amount of non-tax revenues is carried out based on a request from the administrator or tax authority within 10 days. | The refund of the overpaid amount of non-tax revenues is made at the request of the administrator submitted to the territorial department of the Ministry of Finance of the Kyrgyz Republic within 10 days. |
| 5 | The Treasury must transfer the overpaid amount within 10 days. | The territorial department of the Ministry of Finance of the Kyrgyz Republic is obliged to transfer the overpaid amount within 10 days. |
Main changes:
- The possibility of offsetting overpayments on non-tax revenues is introduced, in addition to refunds.
- The procedure becomes simpler and faster — all operations will go through the territorial departments of the Ministry of Finance.
- The timeframes for all operations are 10 days at each stage.
- The changes will help taxpayers receive refunds or offsets for overpayments on fines, state duties, and other non-tax payments more quickly and easily.
