LAW OF THE KYRGYZ REPUBLIC

of December 4, 2020 No. 5

About voluntary declaring of property and the income by physical persons

Accepted by Jogorku Kenesh of the Kyrgyz Republic on November 5, 2020

Article 1. The relations regulated by this Law

1. This Law governs the public relations connected with voluntary declaring of the property created and/or acquired for the income account, the physical persons having the subjects to voluntary declaring in the Kyrgyz Republic received till January 1, 2020.

2. Persons specified regarding 1 this Article are customs applicants.

Article 2. Purposes and coverage of this Law

1. The purposes of this Law are attraction of property and the income in legal economic circulation, establishment of guarantees of immunity of the declared property and the income, guarantees of immunity of persons participating in process of voluntary declaring of property and the income and observance of mystery of process of voluntary declaring of property and the income.

2. The purposes of this Law are implemented through provision to customs applicants of opportunity to fulfill without payment obligations on obligatory payments concerning income gained till January 1, 2020 including at the expense of which subjects to voluntary declaring were acquired. Treat the specified obligatory payments:

1) taxes;

2) customs payments;

3) penalties, percent and penalty fee on the taxes connected with receipt of the income including at the expense of which subjects to voluntary declaring, and also with subjects to voluntary declaring were acquired;

4) assignments on social insurance.

3. This Law is not applied in the relation:

1) person on whom before date of assurance of the declaration on voluntary declaring of property and the income production about violation and/or case of pre-judicial production on criminal cases and offenses is open and/or judicial proceedings for crime execution in the field of economy are begun;

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