News IT IT Kyrgyzstan Park of High Technologies Chubak Temirov Азис Абакиров

In Kyrgyzstan, the regime of the High Technology Park has become permanent.

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The tax regime of the Park of High Technologies (PVT) in Kyrgyzstan has become permanent. There are 350 residents registered in the park, where more than 2,000 people work. By the end of 2022, their income amounted to 4.2 billion som, and exports reached $90 million at the beginning of 2024. Residents are exempt from profit tax, VAT, and sales tax. The income tax rate is 5%, and insurance contributions are 12%.

The tax regime of the High Technologies Park in Kyrgyzstan is now permanent. This will increase the country's attractiveness for foreign IT companies looking to relocate.

There are 350 resident enterprises registered in the Park, employing more than 2,000 people. By the end of 2022, residents earned 4.2 billion som.

In early 2024, project head Azis Abakirov noted that the High Technologies Park companies' exports amounted to $90 million.

The High Technologies Park in Kyrgyzstan operates under a special legal and tax regime that provides tax exemptions and insurance contribution benefits for export-oriented IT companies. The previous version of the law set a temporary limit of 15 years, which was set to expire in 2026.

Park residents are exempt from sales tax, corporate income tax, and value-added tax. The personal income tax rate is set at 5%. The insurance contribution rate for employees of resident companies is set at 12% of the average monthly salary.

Source: 24.kg