Kyrgyzstan Reducing Social Security Contribution Rate

Kyrgyzstan President Sadyr Japarov has reportedly instructed the government to submit a draft law to parliament to reduce the social security contribution rate from 27.25% to 12.25%. The reduced rate will not apply, however, for state-funded companies and companies in highly profitable industries/sectors, such as mining, alcohol, tobacco, and fuel sales and lubricants, cellular communications, …
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