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Kyrgyzstan records increase in tax revenues

Kyrgyzstan Materials 5 July 2022 15:01 (UTC +04:00)
Kyrgyzstan records increase in tax revenues
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, July 5. Kyrgyzstan recorded a considerable increase in tax revenues from January through June 2022, Trend reports citing the State Tax Service of Kyrgyzstan.

The total amount of tax revenues to Kyrgyzstan's budget from January through June 2022 reached 73.6 billion soms ($925.9 million), which is an increase of 56.9 percent compared to the same period of 2021 (46.9 billion soms, or $590.8 million).

In addition, the State Tax Service of Kyrgyzstan in the reporting period fulfilled the country's forecast for tax revenues by 101.8 percent, transferring an additional 1.3 billion soms ($16.6 million) to the budget.

Notably, the implementation of the SMART Salym tax procedures digitalization project, including the introduction of electronic invoices, cash registers had a positive impact on the growth of tax revenues in Kyrgyzstan.

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