Quiz: Understanding Taxes in Kyrgyzstan
Correct Answers and Explanations
Question 1: What is the standard income tax rate for individuals in Kyrgyzstan?
Explanation:
The standard income tax rate for individuals in Kyrgyzstan is 10% on their earnings.
Question 2: What is the Value Added Tax (VAT) rate in Kyrgyzstan?
Explanation:
VAT is charged at a rate of 12% on most taxable goods and services in Kyrgyzstan.
Question 3: Which tax was abolished in 2025?
Explanation:
The vehicle tax was abolished starting January 1, 2025.
Question 4: What is the sales tax range in Kyrgyzstan?
Explanation:
The sales tax ranges from 1% to 5% depending on the type of business activity.
Question 5: Which of the following taxes applies to owners of real estate in Kyrgyzstan?
Explanation:
Property tax applies to owners of real estate.
Question 6: How are tax payments simplified starting July 2025?
Explanation:
Digital payment methods such as QR codes are introduced to simplify tax payments.
Question 7: What benefit was extended to agricultural land regarding taxes?
Explanation:
Agricultural land retains a zero tax rate until the end of 2030.
Question 8: What is the corporate income tax rate in Kyrgyzstan?
Explanation:
Businesses pay 10% income tax on their profits.
Question 9: Which tax is charged on specific goods like tobacco or alcohol?
Explanation:
Excise taxes apply to particular goods such as tobacco, alcohol, and some luxury items.
Question 10: Why is paying taxes important in Kyrgyzstan?
Explanation:
Taxes fund services like education, health, and infrastructure that benefit everyone.