- Kyrgyzstan plans to extend the zero VAT rate on certain agricultural goods, especially livestock feed, until December 31, 2027.
- The measure aims to ensure sufficient feed supplies, lower market prices, and strengthen food security.
- While the VAT exemption will reduce tax revenues, it is expected to bring long-term economic benefits, including job creation and increased cattle imports.
- The policy is also intended to expand farmland use, improve feedlot infrastructure, and boost demand for compound feed.
- An effectiveness assessment of the tax incentives will be conducted, as animal feed prices have increased in early 2025 compared to 2024.
Source: 24.kg
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.
Latest Posts in "Kyrgyzstan"
- Kyrgyzstan Cuts Import VAT Base for Onions and Allium Vegetables to Lower Prices
- Kyrgyzstan Updates Draft VAT Rules After Consultations With Government and Business Stakeholders
- Kyrgyz Cabinet Proposes New VAT Risk Base Rules and Powers for Importers and Large Taxpayers
- Revised List of VAT-Exempt Goods Announced by Government
- Government Revises VAT Exemption List for Renewable Energy Equipment
