The State Tax Service of the Kyrgyz Republic notifies entrepreneurs and non-profit organizations about the need to undergo the procedure of confirmation of the new tariff of insurance contributions in the amount of 12.25%.

The procedure is carried out through the “Taxpayer's Cabinet” on the official website cabinet.salyk.kg. The confirmation requires submitting an electronic application through the “Correspondence with the State Tax Service” section.

In connection with the introduction of new tariffs of insurance contributions, the form of the report on income tax and state social insurance funds was updated. Taxpayers are obliged to file reports in form STI-161_5 starting from the reporting period for August. New services for confirmation of tariffs and filing the updated form will be available from September 2, 2024.

It should be noted that earlier in Kyrgyzstan the insurance contribution rates for certain categories of employers were reduced from 17.25% to 12.25%. However, the new tariff of 12.25% does not apply to a number of organizations, including budgetary institutions, mining companies with a license to develop deposits of national importance, as well as companies engaged in the supply of electricity, heat and gas.

In addition, business entities related to the production or import of alcohol and tobacco products, fuels and lubricants are excluded from the new tariff, except for those licensed to process oil and natural gas.

Also, the new tariff does not affect the sphere of cellular communication, Internet providers and commercial banks, including specialized financial and credit institutions.

Thus, entrepreneurs and non-commercial organizations must promptly carry out the confirmation procedure in order to comply with the new requirements. Failure to comply with the procedure may entail penalties and additional inspections by the tax authorities.