🎧 Listen to This Article
The State Tax Service of the Kyrgyz Republic reports a significant surge in both declared revenue and tax payments from cafés and restaurants following the introduction of a new integrated accounting and tax-reporting system on September 1.
According to Deputy Chairman Kubanychbek Ysabekov, the sector has recorded a fourfold increase in reported turnover as businesses transition to the system that synchronizes internal accounting data directly with the tax authorities. The integration aims to enhance transparency, reduce underreporting, and streamline compliance obligations across the hospitality sector.
The State Tax Service highlights that the initiative has already improved real-time monitoring of sales transactions and reduced administrative burdens for compliant businesses. Authorities view the early results as evidence that the digitalized framework can significantly narrow the shadow economy—historically a challenge in the restaurant and service industries.
Officials also confirmed that the model may later be expanded to additional business categories as the government intensifies efforts to modernize tax administration and strengthen revenue collection nationwide.
For any questions, clarifications, feedback, or contributions regarding this article, please contact us at editorial@tax.news. We welcome your input and are dedicated to delivering accurate, timely, and insightful tax news. All inquiries will be handled confidentially in accordance with our privacy policy.
