Kyrgyzstan Reduces Social Security Contributions for Qualifying SMEs

The Kyrgyzstan State Tax Service has issued a release announcing that with effect from December 2022, the social security (insurance) contribution rates are reduced for small and medium-sized enterprises (SMEs) with annual revenue not exceeding KGS 30 million, excluding state-owned enterprises. The reduction applies until 1 January 2027 and depends on the number of employees as follows:

• 5 or more employees - reduced from 27.25% to 22% (12% from the employer and 10% from the employee);
• 15 or…