Business representatives noted positive points in the new tax code, Gulnara Uskenbayeva, the President of the Association of Suppliers, Manufacturers and Distributors of Kyrgyzstan told at a press conference at Kabar News Agency.
She noted that in general no one likes to pay taxes, although there is need to do so.
“During a broad discussion, many of the proposals were accepted. On the whole, this code is much better for small and medium-sized businesses than the current one. Finally, our manufacturers are equated with trading companies. Half of our association members are manufacturers and half – distributors who bring goods into our country.
For more than 10 years we were fighting to equalize our manufacturers with the distributor in terms of sales tax because we were paying twice the sales tax. And finally, local producers are now have support, i.e. now producers are equal to the state in the same way as trading companies,” the business representative added.
Source: Kyrgyz National News Agency