LAW OF THE KYRGYZ REPUBLIC

of May 8, 2013 No. 69

About modification and amendments in some legal acts of the Kyrgyz Republic

Accepted by Jogorku Kenesh of the Kyrgyz Republic on April 18, 2013

Article 1. Bring in the Tax code of the Kyrgyz Republic (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2008, No. 8, the Art. 922) the following change:

state Article 217 in the following edition:

"Article 217. Payment of preliminary tax amount on profit

1. The taxpayer, except for the taxpayer whose profit is assessed with tax on zero rate and the taxpayer, tax-exempt on profit, shall represent quarterly since the second quarter tax statements and grant on the budget preliminary tax amount on profit no later than the day following the 20th day of the second month following the accounting period.

2. The accounting period on preliminary tax amount on profit is the first quarter, the first half of the year, the first 9 months of the current tax period.

3. The preliminary tax amount on profit for the accounting period is determined in the amount of 10 percent from the profit estimated for the accounting period by the rules established by the legislation of the Kyrgyz Republic on financial accounting.

In case of calculation of preliminary tax amount on profit the income, not liable to the profits tax according to this Code is not considered.

4. The preliminary tax amount on profit which is subject to payment in the budget for the accounting period is determined as positive difference between the preliminary tax amount on profit estimated for the accounting period and the preliminary tax amount on profit estimated for the previous accounting period.

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