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Kyrgyzstan to Introduce Tourist Tax for Foreign Visitors

Kyrgyzstan's capital Bishkek plans to introduce a tourist tax for foreign visitors staying in the city. The Kabar news agency reported that according to the draft resolution submitted by the mayor's office for public discussion, visitors will be charged 50 KGS (approximately 0.59 dollars) for every day spent in the Bishkek's hotels, hostels, campsites, guest houses, and holiday lets. The fee is not included in the cost of accommodation. Instead, operators will be obliged to advise their guests of the charges and collect the fee when they register their stay. Following the requirements of the Kyrgyz Republic's tax legislation, cash register machines are mandatory in all types of accommodation and the fee, paid in Kyrgyzstan's national currency, will be accepted either in cash or by bank card.

Uzbekistan and Turkey Enhance Strategic Partnership

On June 3, Ankara hosted a symposium on "Uzbek-Turkish Strategic Relations – Comprehensive Perspectives for the Future". Aimed to forge conceptual strategies to enhance the partnership between Uzbekistan and Turkey, the event was attended by First Deputy Minister of Investment, Industry and Trade of Uzbekistan Nozimjon Kholmuradov and officials from the Administration of the President of Turkey, heads of various ministries and agencies, as well as prominent political scientists and experts from both nations. Presentations highlighted the impressive momentum in trade, economic, and investment cooperation between Uzbekistan and Turkey.  Over the last five years, bilateral trade has surged 1.3-fold, the number of enterprises funded with Turkish capital in Uzbekistan has tripled to 1,898, and the inflow of foreign direct investment (FDI) from Turkey has increased ten-fold. In 2023, 260 new Uzbek-Turkish ventures were established, elevating Turkey to third place in the number of joint ventures in Uzbekistan. The frequency of regular flights connecting the two countries has also grown 2.5-fold to 90 flights per week. Initiatives by Uzbekistan to further refine its investment climate include a steady six percent annual economic growth, a nine percent reduction in inflation, the drafting of an updated "Law on Investments" in alignment with WTO standards and the deployment of an efficient management system for special economic zones (SEZs). In addition, plans are in place to trim tax rates and the number of taxes, launch an ambitious new privatization program and IPO for shares of major companies, and establish a Tashkent International Arbitration Center.  

Kyrgyzstan: Tax revenues declining, unemployment and poverty persist

BISHKEK (TCA) — Kyrgyzstan has ensured macroeconomic and social stability and achieved GDP growth in the first four months of 2019, the Kyrgyz Economy Ministry reported. The GDP growth was 5.3%, and excluding enterprises developing the Kumtor gold field — 1.4%. Continue reading

Kyrgyzstan: Subsoil users concerned about possible tax burden increase

BISHKEK (TCA) — The International Business Council based in Bishkek, mining enterprises and associations of the mining industry of Kyrgyzstan appealed to President Sooronbai Jeenbekov with a request to assist in solving problems in the subsoil use sector. The appeal is related to the recent decision of the Security Council on measures in the subsoil use. Continue reading

Kazakhstan: Government prepares tax amnesty for small and medium business

ASTANA (TCA) — At a briefing on December 27, Chairman of the State Revenue Committee of the Ministry of Finance Marat Sultangaziyev spoke about the Kazakh government’s readiness to conduct a tax amnesty in the country, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Uzbekistan creates a new tax administration system

TASHKENT (TCA) — On December 20, a government meeting on the implementation of a new concept of tax policy was held under the chairmanship of the President of Uzbekistan Shavkat Mirziyoyev, the official Jahon information agency reported. Continue reading