Kyrgyzstan Extending Tax Amnesty for Undeclared Assets

Kyrgyzstan Ministry of Economy and Commerce has announced a draft law to extend the tax amnesty regime for individuals under the Law on Voluntary Legalization and Amnesty of Assets of Individuals. As previously reported, individuals may qualify for amnesty under the regime if they voluntarily declare previously undeclared assets held as of 1 January 2023, including movable and immovable property, funds, etc. If the voluntary declaration is made by 9 June 2024, the individual will be exempted…