Kyrgyzstan Reduces Social Security Contribution Rate and Introduces 3% Tax Rate on Profits from Certain Activities Outside the Country

The Kyrgyzstan State Tax Service (STS) recently issued a release announcing a reduction in the standard social security (insurance) contribution rate from 27.25% to 12.25% by the Law on Amendments to Certain Legislative Acts of Kyrgyzstan in the Field of Taxation and Social Insurance (Law No. 136 of 23 July 2024), which was published in the Official Gazette on 26 July 2024). This includes a st…
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