“RedStone Group” Received Tax Incentives for the Construction of the City of “Asman”

RedStone Group LLC has been included in the list of organizations receiving tax incentives under the “Eco-Friendly City of Asman” project. Zero rates for VAT and sales tax have been established for the supply of goods, work, and services to the company intended for the implementation of the project.

The Cabinet of Ministers adopted the corresponding resolution on November 5. “RedStone Group” is the only organization on the approved list.

The benefits are granted for the duration of the project, but for no more than five years. The appendix specifically provides for a zero VAT rate—including VAT on imports—for goods, works, and services intended for construction as part of the “Asman” project.

At the same time, the company is obligated to complete construction of the project within the established timeframe. The Office of the President of Kyrgyzstan has been designated as the responsible government agency.

The “Eco-Friendly City of Asman” project has the status of a national investment project. The decree was signed by Prime Minister Adylbek Kasymaliev.