ORDER OF THE MINISTRY OF FINANCE OF THE KYRGYZ REPUBLIC

of February 2, 2000 No. 32/p

About approval of the Instruction "About procedure for reflection of exchange differences from foreign currency transactions"

For the purpose of streamlining of the taxation of exchange differences from foreign currency transactions I order:

1. Approve the Instruction "About procedure for reflection of exchange differences from foreign currency transactions".

2. To department of methodology of financial accounting and financial reporting at the companies to make registration of the this Instruction in the Ministry of Justice of the Kyrgyz Republic and to publish in mass media.

3. The state tax authorities under the Ministry of Finance of the Kyrgyz Republic to be guided by this Instruction and to bring it through territorial tax authorities to the attention of all taxpayers.

Approved by the order of the Ministry of Finance of the Kyrgyz Republic of February 2, 2000 No. 32/p

The instruction about procedure for reflection of exchange differences from foreign currency transactions

For the purpose of streamlining of reflection of exchange differences from transactions with foreign currency and according to the currency accounts Ministry of Finance of the Kyrgyz Republic explains.

The exchange difference represents difference between somovy assessment of currency property or obligations at the rate for settlement date or date of creation of accounting records for the accounting period and their somovy assessment on acceptance date to financial accounting in the accounting period or date of creation of accounting records for the previous accounting period.

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