of August 14, 2020 No. 125
About debt restructuring on the added percent, penalty fee, to tax sanctions, penalties on insurance premiums
Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 25, 2020
The purpose of this Law is stabilization and support of financial and economic condition of taxpayers and payers of insurance premiums on the national social insurance in the conditions of pandemic of koronavirusny infection of COVID-19 by debt restructuring on the added percent, penalty fee, to tax sanctions, penalties on insurance premiums on the national social insurance.
1. Restructurings the tax debt, including the tax debt on value added (further - the VAT) for import is subject, to the excise tax for import, levied by customs authorities, and debt on insurance premiums on the national social insurance of taxpayers and payers of insurance premiums on the national social insurance according to the procedure and on the conditions provided by this Law.
2. In this Law the following concepts are applied:
1) insurance premium - payment for the national social insurance which the insurer shall bring to the insurer;
2) restructuring of tax debt and debt on insurance premiums - complete or partial debt write-off on the added percent, penalty fee, to tax sanctions, penalties on insurance premiums;
3) percent - the amounts added according to the Tax code of the Kyrgyz Republic for untimely payment at the scheduled time of taxes;
4) penalty fee - the sum of money added for failure to pay taxes, including the VAT for import, the excise tax for import, insurance premiums which the taxpayer shall pay according to the Tax code of the Kyrgyz Republic, the laws of the Kyrgyz Republic "About customs regulation" and "About the national social insurance";
5) tax sanctions - the sanctions imposed on the taxpayer according to the Tax code of the Kyrgyz Republic;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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The document is not valid from January 1, 2023 according to Article 4