The State Tax Service may reduce fees for non-cash payments for businesses

A working meeting was held at the State Tax Service dedicated to commissions for accepting non-cash payments, as well as other barriers arising from the use of POS terminals, bank accounts, cards and QR payments.

The meeting was attended by Deputy Chairman of the State Tax Service Azata Almanbetova, representatives of the National Bank, the Interbank Processing Centre, the Union of Banks of Kyrgyzstan and commercial banks.

The State Tax Service reported that it is considering reducing the commission burden on businesses for non-cash payments. This issue has been identified as a priority in the dialogue with the banking sector and the regulator.

In addition to commissions, the meeting participants discussed delays in crediting funds, the lack of information about the payer in QR payment statements, and the excessive requirements of some banks, which complicate business operations.

The tax service also proposed a set of measures, including the introduction of technical solutions for faster and more transparent payment crediting, simplification of account opening procedures, and possible changes to banking legislation that would allow entrepreneurs to use personal wallets in the digital economy.

Representatives of the National Bank and commercial banks confirmed their readiness to consider reducing commissions and other initiatives within their competence.