On Amendments to the Law of the Kyrgyz Republic “On Arbitration Courts in the Kyrgyz Republic”
On the basis of the Law of the Kyrgyz Republic “On Enactment of the Tax Code of the Kyrgyz Republic dated January 18, 2022 No. 4, starting from January 1, 2023, citizens and organizations have the right to initiate arbitration proceedings to resolve a tax dispute.
On establishing of quotas for labor migration for 2022
By the Order of the Cabinet of Ministers of the Kyrgyz Republic dated January 14, 2022 No. 7-p, a quota for labor migration is determined, which establishes the maximum number of foreign citizens and stateless persons arriving in the Kyrgyz Republic for the purpose of carrying out labor activities, by sectors of the economy and regions of the Kyrgyz Republic for 2022.
On the adoption of the Tax Code of the Kyrgyz Republic
The purpose of the Tax Code is to optimize tax administration, ensure the stability of the tax system, further improve the digitalization of tax procedures, create equal conditions for doing business and reduce the shadow component of the economy.
11.02.2022
On January 21, 2022, the President signed the Law of the Kyrgyz Republic “On Amendments to the Law of the Kyrgyz Republic “On Competition”
On the implementation of a temporary ban on the export of medicines and medical devices from the Kyrgyz Republic
Decree of the Cabinet of Ministers of the Kyrgyz Republic of January 14, 2022 No. 14 established a temporary ban for a period of six months on the export of medicines and medical devices from the Kyrgyz Republic according to the approved list, introduced from the date the decree comes into force.
On the pilot project on digital administration of excise tax on excisable goods
In order to improve and simplify the administration of excise tax as part of the introduction of an electronic system for the fiscalization of tax procedures, testing the mechanism for confirming the payment of excise tax to budget revenue by labeling alcohol and tobacco products or their packaging with identification tools, by the Resolution No. 359 of the Cabinet of Ministers of the Kyrgyz Republic dated December 31, 2021
On the adoption of the Law of the Kyrgyz Republic “On virtual assets”
On January 21, 2022, the President of the Kyrgyz Republic signed the Law of the Kyrgyz Republic "On virtual assets". The purpose of the Law is to regulate relations arising from the turnover of virtual assets, that is, their creation, issue, storage and circulation.
11.02.2022
At the end of the past year, a large American IT company EPAM Systems Inc. registered its presence in the Kyrgyz Republic. GRATA International, being a legal advisor to EPAM Systems Inc., accompanied all the necessary processes related to entering the Kyrgyz market
GRATA International offices in Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and Uzbekistan were noted as an active partners of the EBRD
On January 22, 2022, the EBRD’s Legal Transition Team has completed an assessment of business reorganisation tools in all 38 emerging economies where the EBRD is active.
20.12.2021
In the rankings, released by Chambers & Partners, GRATA International has confirmed its standing as one of the leading firms in Central Asia and Caspian region. Teams in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan received ratings across major practice areas.