(Read full article on Kabar.kg)

Deputy Minister of Economy and Finance of Kyrgyzstan Bekbolot Aliyev is confident that the new tax code will improve the country’s economy.

During a press conference at Kabar News Agency he said that given the continuous process of economic development, Kyrgyzstan is also a part of the world economy.

“Since our entrepreneurs work closely with global companies, we plan to switch from a fixed payment of taxes to payment based on their reporting. Thus, the new edition of the tax code provides for the abolition of some regimes that were based on a mandatory patent and contract,” Aliyev said.

He also added that there were many suggestions and criticism during the public discussion.