The State Tax Service reminded entrepreneurs of the deadlines for paying the single tax in Kyrgyzstan

The State Tax Service of Kyrgyzstan has warned entrepreneurs about the deadlines for filing reports and paying the single tax. The deadlines depend on the size of the business — small, medium or large.

Small businesses include those whose total income for the last 12 months does not exceed 8 million KGS.

• Reporting: at the end of each quarter, no later than the 20th day of the following month.
• Tax payment: also at the end of the quarter, by the 20th day of the following month.

With an income of between 8 and 50 million KGS over the last 12 months, you are considered a medium-sized business.

• Reporting and tax payment: monthly, by the 20th day of the month following the reporting month.

If your income for the last 12 months exceeds 50 million KGS, or you are recognised as a large taxpayer according to the criteria of the Cabinet of Ministers:

• Reporting and tax payment: monthly, by the 20th day of the month following the reporting month.

Even if your income has changed during the year, your business category remains the same until the end of the calendar year.

Timely payment of taxes helps to avoid fines and additional penalties, the State Tax Service reminds.