Information about Kyrgyzstan Minimum wage and taxes.

Information about minimum wages and taxes in Kyrgyzstan is as follows: Minimum Wage: In Kyrgyzstan, the minimum wage has been determined monthly as of 2021. The minimum wage amount has been determined as 14,404 Kyrgyz soms (KGS) on average for 2021. This amount represents the lowest wage level of employed workers. Taxes: In Kyrgyzstan, the tax system is collected on income and corporations. Income tax is collected proportionally on individual income. Income tax rates vary depending on the amount of income. Income tax rates range from 10% to 20% in lower income brackets. Corporate tax is collected on the profits made by companies. The corporate tax rate in Kyrgyzstan is fixed at 10%. Kyrgyzstan also has indirect taxes such as Special Consumption Tax (SCT) and Value Added Tax (VAT). Special Consumption Tax is collected on certain products, especially alcoholic beverages, tobacco products and luxury consumer goods. VAT is a type of tax that is valid for all goods and services and is generally applied at a rate of 12%. There are deadlines for filing tax returns and paying taxes in Kyrgyzstan. These periods may vary depending on the tax type. Employers are also obliged to pay social security contributions on their employees' salaries. However, tax rates and legal regulations may change from time to time, so you can obtain the most up-to-date information from the Kyrgyzstan tax office or a financial consultancy company.