President Sadyr Zhaparov signed the Law on Amendments to certain Legislative acts of Kyrgyzstan in the field of taxation and social insurance. As noted, this law is aimed at creating more favourable conditions for entrepreneurship, stimulating business activity, increasing the availability of financial resources and reducing the financial burden on businesses, as well as removing entrepreneurs from the shadow economy. This is reported by the STS press service.
According to the law, the rates of insurance premiums have been reduced from 27.25% to 12.25%. The new rates will be effective from August 1, 2024. The employer will pay 2.25%, and the employee will pay 10%.
However, the reduction in insurance premium rates will not apply to the following categories of organisations:
· organisations funded from the state budget;
· mining enterprises licensed to develop subsurface areas of national importance;
· organisations engaged in providing electricity, heat and gas;
· business entities that produce and/or import alcoholic beverages, tobacco products and fuels and lubricants (except for those who process oil and natural gas and have a license for this activity);
· entities operating in the field of cellular communications;
· Internet service providers;
· commercial banks and specialized financial and credit institutions.
The following measures are provided to improve the administration of insurance premiums:
· the taxpayer maintains an up-to-date register of employees in the taxpayer's personal account;
· payment of wages by legal entities-employers in non-cash form;
· tax control to clarify the number of employees;
· accrual of sanctions, penalties and fines when reducing the number of employees, as well as the amounts of taxes and social benefits in tax reporting.
Reported by Akchabar (Kyrgyzstan).
Minister of Industry and Agro-Industrial Complex of the Eurasian Economic Commission Gohar Barseghyan discussed with First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev the further development of industry and agriculture in the Eurasian Economic Union at a working meeting in Bishkek. This is reported on the...
Minister of Industry and Agro-Industrial Complex of the Eurasian Economic Commission Gohar Barseghyan discussed with First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev the further development of industry and agriculture in the Eurasian Economic Union at a working meeting in Bishkek. This is reported on the...
The share of Russian currency in imports reached 99.2% In the first five months of 2024, more than 95% of settlements in foreign trade operations of Russia and Kyrgyzstan were made in rouble, Izvestia reports, citing the National Bank of this country. "For the period from January to May 2024,...
The share of Russian currency in imports reached 99.2% In the first five months of 2024, more than 95% of settlements in foreign trade operations of Russia and Kyrgyzstan were made in rouble, Izvestia reports, citing the National Bank of this country. "For the period from January to May 2024,...
Bank Companion has received a gold certificate of compliance with the principles of customer protection from CERISE+SPTF.
Customer protection is the foundation of corporate social responsibility, which is why Bank Companion strives to create financial services that not only meet the needs of customers, but also contribute to their well-being and...
Bank Companion has received a gold certificate of compliance with the principles of customer protection from CERISE+SPTF.
Customer protection is the foundation of corporate social responsibility, which is why Bank Companion strives to create financial services that not only meet the needs of customers, but also contribute to their well-being and...
On July 24, commercial banks purchased $2 million 100 thousand at interbank currency trading. The data is reflected in the daily trading statistics.
Banks purchased $500 thousand with settlements on the date of the transaction and another $1 million 600 thousand with settlements on a date other than the date of...
On July 24, commercial banks purchased $2 million 100 thousand at interbank currency trading. The data is reflected in the daily trading statistics.
Banks purchased $500 thousand with settlements on the date of the transaction and another $1 million 600 thousand with settlements on a date other than the date of...
Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short sellers bailed out ahead of next week's central bank meeting.
The Canadian dollar hit a three-month low of C$1.38 per dollar,...
Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short sellers bailed out ahead of next week's central bank meeting.
The Canadian dollar hit a three-month low of C$1.38 per dollar,...
As of July 25, the cost of an ounce of gold of the National Bank weighing 31.1035 grams was set at 209 thousand 635.5 som. The information was posted on the regulator's website.
On July 24, its price was 208 thousand 425 som. Thus, an ounce rose in price by 1...
As of July 25, the cost of an ounce of gold of the National Bank weighing 31.1035 grams was set at 209 thousand 635.5 som. The information was posted on the regulator's website.
On July 24, its price was 208 thousand 425 som. Thus, an ounce rose in price by 1...
Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.
Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...
Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.
Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...
Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.
It earlier dipped to $8,900 for its lowest since March 28, breaking support level...
Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.
It earlier dipped to $8,900 for its lowest since March 28, breaking support level...
The Ministry of Agriculture is implementing major investment projects. This was announced by the head of the sector for the development of food security solutions of the Ministry of Agriculture Emilbek Kydykmanov on July 25 on the air of Birinchi Radio.
"One of them is financing irrigation systems. About 3 billion...
The Ministry of Agriculture is implementing major investment projects. This was announced by the head of the sector for the development of food security solutions of the Ministry of Agriculture Emilbek Kydykmanov on July 25 on the air of Birinchi Radio.
"One of them is financing irrigation systems. About 3 billion...
From January to May, Kyrgyzstan exported 261.4 tonnes of fresh and chilled fish. Such data are provided in foreign trade statistics.
Fish supplies were carried out to three countries, Kazakhstan, Russia and Uzbekistan. Moreover, the latter did not buy fish from Kyrgyzstan during this period last year.
In the period under review,...
From January to May, Kyrgyzstan exported 261.4 tonnes of fresh and chilled fish. Such data are provided in foreign trade statistics.
Fish supplies were carried out to three countries, Kazakhstan, Russia and Uzbekistan. Moreover, the latter did not buy fish from Kyrgyzstan during this period last year.
In the period under review,...
Chicago wheat and soybeans eased on Thursday while corn ticked up, as investors weighed a dry spell in part of the U.S. crop belt against favorable field conditions so far this year.
The dry weather in a swath of the northern United States and Canada supported two-week peaks for corn and...
Chicago wheat and soybeans eased on Thursday while corn ticked up, as investors weighed a dry spell in part of the U.S. crop belt against favorable field conditions so far this year.
The dry weather in a swath of the northern United States and Canada supported two-week peaks for corn and...
The volume of retail sales of motor fuel in January-June 2024 increased by 8.6% compared to the corresponding period in 2023, amounting to 61.8 billion som. This is stated in the materials of the National Statistical Committee.
In June 2024, compared to June 2023, the volume of turnover increased by 1.7%.
Reported...
The volume of retail sales of motor fuel in January-June 2024 increased by 8.6% compared to the corresponding period in 2023, amounting to 61.8 billion som. This is stated in the materials of the National Statistical Committee.
In June 2024, compared to June 2023, the volume of turnover increased by 1.7%.
Reported...
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
Brent crude futures for September fell 59 cents, or 0.7%, to $81.12...
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
Brent crude futures for September fell 59 cents, or 0.7%, to $81.12...
Talantbek Soltobaev, the First Deputy Minister of Transport of Kyrgyzstan, presented the semi-annual report of the department at a press conference in Bishkek.
According to Soltobaev, for 2024, as well as the planned years 2025 and 2026, the national budget allocates 9 billion 360 million som for road construction and maintenance....
Talantbek Soltobaev, the First Deputy Minister of Transport of Kyrgyzstan, presented the semi-annual report of the department at a press conference in Bishkek.
According to Soltobaev, for 2024, as well as the planned years 2025 and 2026, the national budget allocates 9 billion 360 million som for road construction and maintenance....
By the end of 2023, the Manas International Airport Group increased remuneration to members of the Board of Directors by 34.4%, as well as significantly increased salaries for key management personnel.
According to the data provided by the company, in 2023, 4 million 339 thousand som were accrued to the members...
By the end of 2023, the Manas International Airport Group increased remuneration to members of the Board of Directors by 34.4%, as well as significantly increased salaries for key management personnel.
According to the data provided by the company, in 2023, 4 million 339 thousand som were accrued to the members...
In January-June 2024, 17.4 billion som of revenues were received from the provision of communication services, which is 11.6% more than in the corresponding period of 2023. This is stated in the materials of the National Statistical Committee.
Revenues from postal and courier services decreased by 33.1% compared to January-June 2023...
In January-June 2024, 17.4 billion som of revenues were received from the provision of communication services, which is 11.6% more than in the corresponding period of 2023. This is stated in the materials of the National Statistical Committee.
Revenues from postal and courier services decreased by 33.1% compared to January-June 2023...
Industrial production in June 2024 increased by 1.9% year-on-year, Rosstat reported, this is the minimum since March 2023. The result was significantly lower than the consensus forecast of analysts, who expected output growth of 4.5% after 5.3% in May. As Alexander Isakov from Bloomberg Economics suggested the day before (his...
Industrial production in June 2024 increased by 1.9% year-on-year, Rosstat reported, this is the minimum since March 2023. The result was significantly lower than the consensus forecast of analysts, who expected output growth of 4.5% after 5.3% in May. As Alexander Isakov from Bloomberg Economics suggested the day before (his...
The steady growth of the previous days was replaced by a decline. "The reason for partial profit-taking could be the approach of tomorrow's meeting of the Bank of Russia, at which a significant increase in the key rate is expected. Investors also evaluate some internal corporate news, the deterioration of...
The steady growth of the previous days was replaced by a decline. "The reason for partial profit-taking could be the approach of tomorrow's meeting of the Bank of Russia, at which a significant increase in the key rate is expected. Investors also evaluate some internal corporate news, the deterioration of...
The Ministry of Industry and Trade intends to reduce cases of sale of foreign products to the state under the guise of Russian products. To do this, the agency will oblige manufacturers, when entering data on the origin of goods into the state information system "Industry", to report on the...
The Ministry of Industry and Trade intends to reduce cases of sale of foreign products to the state under the guise of Russian products. To do this, the agency will oblige manufacturers, when entering data on the origin of goods into the state information system "Industry", to report on the...
The Government of Russia plans to consider the five-year investment program of Russian Railways in November, now it is approved annually, Deputy Director of the Department of state Policy in the field of railway transport of the Ministry of Transport Konstantin Grigoriev said at a working meeting on the development...
The Government of Russia plans to consider the five-year investment program of Russian Railways in November, now it is approved annually, Deputy Director of the Department of state Policy in the field of railway transport of the Ministry of Transport Konstantin Grigoriev said at a working meeting on the development...
