LAW OF THE KYRGYZ REPUBLIC

of August 9, 2012 No. 158

About modification and amendments in the Tax code of the Kyrgyz Republic

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 29, 2012

Article 1. Bring in the Tax code of the Kyrgyz Republic (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2008, No. 8, the Art. 922) the following changes and amendment:

1. To state Item 30 of Article 153 in the following edition:

"30)" economic (balance sheet) inventories" - the inventories of minerals considered by the State stock balance of minerals of the Kyrgyz Republic as economically reasonable for development.".

2. Regarding 3 articles 197 to replace figure "5" with figures "15".

3. State Article 213 in the following edition:

"Article 213. Rate of the income tax

1. If other is not established by this Article, the rate of the income tax is established in the amount of 10 percent.

2. The rate of the income tax of the taxpayer performing activities for production and realization of gold-bearing ore, gold-bearing concentrate, gold alloy and the affined gold, is established in the amount of 0 percent.".

4. Add the code with Article 221-1 of the following content:

"Article 221-1. Features of the taxation of the mining and/or gornopererabatyvayushchy companies

1. The taxpayer performing activities for production and realization of gold-bearing ore, gold-bearing concentrate, gold alloy and the affined gold pays tax on the income.

2. The taxation object tax on the income are activities for production and realization of gold-bearing ore, gold-bearing concentrate, gold alloy and the affined gold.

3. Tax base of tax on the income is:

1) revenue excluding VAT and the sales tax, received from realization of gold alloy and the affined gold;

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