Kyrgyzstan's New Tax Code Signed into Law Including Two Main Tax Regimes, VAT Requirements for Foreign Electronic Service Providers, and Other Changes

The Kyrgyzstan State Tax Service has published the text of the new Tax Code, which was signed into law by the president on 18 January 2022. A separate release published on the president website provides an overview of some of the key aspects of the new Tax Code, including two main tax regimes:

• The general tax regime, which is mandatory for large businesses with turnover of at least KGS 30 million (~USD 354,000), with mandatory VAT registration; and
• The simplified single tax regime for smal…