First three foreign companies in Kyrgyzstan become VAT payers

Bishkek, July 6, 2022. /Kabar/. The first three foreign companies that sell services in electronic form in Kyrgyzstan are registered as payers of value added tax to the budget of the republic, the press service of the State Tax Service of the republic said. Thus, Yandex Go, Megogo and Xsolla have passed a remote tax registration in the electronic service of the Tax Service www.vat.salyk.kg. Currently, the functionality of the service allows a foreign organization that provides electronic services to undergo tax registration as a VAT taxpayer, get a tax identification number and access to a personal account of the taxpayer. "The so-called 'Google Tax' applies to foreign organizations that provide services in electronic form without using a domain name or IP address registered in the Kyrgyz Republic, the place of delivery of which is recognized as the territory of Kyrgyzstan," the report says. The rate of VAT is 12% of the amount of services sold.