Kyrgyzstan legal and accounting and tax considerations in 2024

1. Kyrgyzstan companies incur a corporate tax rate of 10%, with leasing companies paying a reduced rate of 7% and businesses involved with gold mining and refinement paying a rate of 0%. Individual income is taxed at a rate of 10% for both residents and non-residents;
2. Kyrgyzstan resident company and individuals settle their tax liabilities either by monthly payments, third party withholdings, or a combination of both;
3. Resident Kyrgyzstan companies are required to withhold tax at a rate of 10% from the payments to foreign companies unless reduced by a double taxation treaty. However, Kyrgyzstan’s 21 double tax treaties minimize withholding tax for service fees, dividends, interest, royalties, and branch profits;
4. An individual is considered tax resident if he is present in Kyrgyzstan for at least 183 days per year and is subject to pay Kyrgyzstan tax;
5. Annually, medium sized businesses pay corporate income tax, tax on interest, property tax, payroll tax, stamp duty, and also value added tax;
6. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

• Legal and compliance

  1. A Kyrgyzstan LLC involving only one person may not act as the sole participant for another LLC;
  2. All business choosing to submit an annual audited financial statement must submit statements by March 31^st of each year. Annual audits are not required, but are recommended to ensure full legal compliance in the event of an audit being carried out by the tax authorities;
  3. A Kyrgyzstan company secretary is not required when forming a company in Kyrgyzstan, however we recommend one be appointed to ensure compliance with the corporation act during Kyrgyzstan company incorporation;
  4. The process of deregistering a company is dictated by the Government. This process will take a minimum of 6 months. Healy Consultants fee to project manage company de-registration is US$1450. During this 6 months period it is mandatory to maintain a resident company secretary and a legal registered office.