The preferential tax regime for the Park of High Technologies will be made permanent.
Author - Mansur Ismagulov
The Tech AI
Get the key points in seconds - a short summary from The Tech AI.
The Ministry of Economy proposes to make the preferential regime for residents of the High Technology Park permanent. This should increase the interest of foreign IT companies in relocating to Kyrgyzstan. The current benefits include exemption from VAT, sales tax, and profit tax, as well as a 5% personal income tax and 12% insurance contributions.
The Ministry of Economy proposes to extend the preferential tax regime for residents of the High-Tech Park and make it permanent.
This will increase the interest of foreign IT companies in relocating to Kyrgyzstan.
Currently, residents of the High-Tech Park are exempt from sales tax, profit tax, and value-added tax. The personal income tax is set at 5%. The insurance contribution rate for employees of residents is set at 12% of the average monthly salary in Kyrgyzstan.
Source: economist.kg
The Tech on Telegram Follow The Tech on Telegram
Keep up with the latest technology and startup news.