Published
01/16/2026, 09:08The State Tax Service has announced the introduction of liability for conducting activities with jewelry without special registration. The relevant provisions are enshrined in amendments to the Tax Code and the Code of Offenses of the Kyrgyz Republic, signed on December 31 last year.
According to the new requirements, fines are provided for conducting activities with jewelry without special registration:
The State Tax Service emphasizes that the measure is aimed at bringing the industry out of the shadows and creating transparent conditions for working in the precious metals market.
Along with tightening control over the jewelry industry, a number of tax breaks have been introduced. In particular, the import of equipment, technologies, reagents, and semi-finished products used in jewelry production is exempt from value-added tax.
In addition, the law provides for the legalization of previously imported or manufactured jewelry made of precious metals. A moratorium on tax audits has been established for this period of two months.
Domestic manufacturers are also voluntarily delegated the functions of testing and hallmarking products with their own hallmark confirming the metal grade, with the exception of the state hallmark.
The tax service notes that the combination of incentives and responsibilities should reduce the cost of production, increase its competitiveness, and stimulate the modernization of production.
As a reminder, earlier, from July 31, 2025, the single tax rate for manufacturers and sellers of jewelry was reduced to 0.25% instead of the previous 2-4%.
