RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of March 11, 2022 No. 125

About measures for implementation of Articles 67, 330 Tax codes of the Kyrgyz Republic

For the purpose of implementation of Articles 67, 330 Tax codes of the Kyrgyz Republic, article 18 of the Law of the Kyrgyz Republic "About enforcement of the Tax code of the Kyrgyz Republic", according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Approve:

1) the Accounting treatment for the foreign currency received from the foreign organization which does not have signs of permanent organization in the Kyrgyz Republic according to appendix 1;

2) Regulations on procedure and terms of return of the value added tax according to the international obligations of the Kyrgyz Republic according to appendix 2.

2. Recognize invalid:

1) the paragraph third Item 1 of the order of the Government of the Kyrgyz Republic "About measures for implementation of requirements of Articles 98, 242, 255, 257, 258, 280, 281, 287 and 295 Tax codes of the Kyrgyz Republic and article 11 of the Law of the Kyrgyz Republic "About enforcement of the Tax code of the Kyrgyz Republic" of December 30, 2008 No. 735;

2) the order of the Government of the Kyrgyz Republic "About modification of the order of the Government of the Kyrgyz Republic "About measures for implementation of requirements of Articles 98, 242, 255, 257, 258, 280, 281, 287 and 295 Tax codes of the Kyrgyz Republic and article 11 of the Law of the Kyrgyz Republic "About enforcement of the Tax code of the Kyrgyz Republic" of December 30, 2008 No. 735" of April 21, 2021 No. 160.

3. This resolution is subject to official publication and becomes effective since January 1, 2022.

Appendix 1

to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of March 11, 2022 No. 125

Accounting treatment for the foreign currency received from the foreign organization which does not have signs of permanent organization in the Kyrgyz Republic

1. Order of registration, calculations and execution of the tax liability by the foreign organization which does not have signs of permanent organization in the Kyrgyz Republic

1. This Procedure determines accounting treatment for the foreign currency received from the foreign organization which does not have signs of permanent organization in the Kyrgyz Republic on account of execution of the tax liability.

2. The foreign organization which does not have signs of permanent organization in the Kyrgyz Republic has the right to fulfill the tax liability in foreign currency.

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