The Cabinet approved the protocol with the Russian Federation on exempting the RFCR from paying insurance contributions and other social deductions.
According to the protocol, the Russian-Kyrgyz Development Fund will be exempt from paying insurance contributions and other social deductions on the territory of Kyrgyzstan. This exemption will take effect from the moment of the provisional application of the agreement and pertains to mandatory payments to any of the budgets included in the budgetary system of the Kyrgyz Republic.
The Ministry of Foreign Affairs of the Kyrgyz Republic has been instructed to notify the Russian side about the completion of internal procedures necessary for the protocol to come into force.
In a separate clause of the resolution, it is stated that the insurance contributions for state social insurance paid by the fund as an employer from 2014 to 2017 inclusive are considered voluntary and are non-refundable.
This resolution comes into effect seven days after its official publication.
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