Approved by the Order of the State Tax Administration under the Government of the Kyrgyz Republic of August 17, 2015 No. 223

Recommendations in the order of application of the Law of the Kyrgyz Republic "About debt restructuring on the added percent, penalty fee, to tax sanctions on taxes and customs payments"

1. General provision

1.1. This Recommendation is developed for the purpose of execution of the Law of the Kyrgyz Republic "About debt restructuring on the added percent, penalty fee and to tax sanctions on taxes and customs payments" No. 195 of July 24, 2015 (further - the Law).

1.2. This Recommendation determines procedure for write-off of the added percent, penalty fee and tax sanctions for non-execution or delays of execution of the tax liability and failure to carry out of obligation by tax payment by the tax agent.

2. The concepts used in this Recommendation

In this Recommendation the following concepts are applied:

"On August 1, 2015" - 1 date of official publication of the Law.

"The three-months period" - the period from August 4, 2015 to November 1, 2015.

"The six-months period" - the period from August 4, 2015 to February 1, 2016.

"The nine-months period" - the period from August 4, 2015 to May 1, 2016.

"Commission" - the commissions created by territorial structural subdivisions of the State Tax Administration under the Government of the Kyrgyz Republic on debt restructuring on the added percent, penalty fee and to tax sanctions on taxes with participation of representatives of bodies local self-managements.

3. Debt write-off conditions on the added percent, penalty fee and to tax sanctions on taxes

3.1. The acknowledged tax debt according to the Tax code of the Kyrgyz Republic on the added percent, penalty fee and to tax sanctions formed in cards of personal account of the taxpayer as of August 1, 2015 is subject to restructuring.

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