The tax rate has been reduced, and its collection will be carried out by banks
Representatives of the State Tax Service organized a meeting with members of the Union of Banks of Kyrgyzstan and banking institutions. The main topic of discussion was changes in tax legislation regarding the "Transaction Tax" regime, according to information from the press service of the STS.
During the meeting, it was reported that according to the law adopted on December 31, 2025, the transaction tax rate has been reduced from 0.2% to 0.1%. The parties also discussed issues related to the automation of tax administration and the possibility of implementing electronic services for interaction between the STS and banks.
Furthermore, the Tax Service emphasized that the bank where the account is opened will act as a tax agent, independently withholding and transferring the tax to the budget when conducting transactions.
It is important to note that entities engaged in transactions can only use the special tax regime "Transaction Tax," and conducting other activities in the country is not allowed in this case.
Additionally, it should be noted that taxpayers are required to submit an application for transitioning to this regime by February 1, 2026, at their tax registration location.
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