- Kyrgyzstan’s Ministry of Economy revised draft VAT rules after consultations with government and business representatives.
- The new draft aims to improve tax administration, prevent VAT base undervaluation, and ensure fair competition.
- Large taxpayers registered with the State Tax Service are exempt from risk-based VAT base rules; for others, the tax base is set at the average market price minus 30%.
- The VAT tax base with risk indicators will be updated twice a year.
- The changes are part of broader efforts to combat the shadow economy using digital tools like electronic consignment notes and invoicing.
Source: trend.az
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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