VATLive > Blog > VAT > Kyrgyzstan tightens VAT deductibility rules - Avalara

Kyrgyzstan tightens VAT deductibility rules

  • VAT
  • 24 March 2014 | Richard Asquith

Kyrgyzstan tightens VAT deductibility rules

The Kyrgyzstan tax code has been amended to restrict VAT deductions.

From the 1 April, VAT deductions will only be allowable on goods or services where the VAT has been settled (as opposed to the accruals accounting methodology). Furthermore, the payments must have been made through an approved bank account.

Kyrgyzstan VAT is currently levied at 12%. Companies with a taxable turnover above KGS 4m must register for VAT Only resident companies will be affected by this


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.