LAW OF THE KYRGYZ REPUBLIC

of June 29, 2017 No. 114

About introduction of amendments to the Tax Code of the Kyrgyz Republic

Accepted by Jogorku Kenesh of the Kyrgyz Republic on May 31, 2017

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 changes:

Article 153 to add 1) with Item of 51 following contents:

"51)" preferential settlements" - the settlements determined by the Government of the Kyrgyz Republic.";

Chapter 21 to add 2) with Article 159-1 of the following content:

"Article 159-1. The preferential types of industrial activity which are subject to the preferential taxation

1. The government of the Kyrgyz Republic is not more often than once in 5 years approves the list of the preferential types of industrial activity which are subject to the preferential taxation.

Reapproval of the list of the preferential types of industrial activity which are subject to the preferential taxation is performed based on efficiency analysis of the provided privileges for development of the settlement.

At the same time are included in the list:

1) all types of industrial production based on innovative technologies;

2) easy and food industries;

3) power;

4) conversion of agricultural products;

5) assembly production;

6) any is export the oriented production.

The exception of the companies of the list of preferential types of industrial activity owing to failure to carry out of conditions of the investment Agreement or completion of fixed term of the provided privileges is performed since the beginning of the year following after year of decision making about exception of the list.

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