Working with foreign suppliers: procedure for withholding income tax
The most of middle-size and large companies in our country have at least one foreign supplier. However, some of them do not know specific tax liabilities incurred by a Kyrgyzstan company depending on the type of the contract concluded with a foreign company.
Ludmila Dyakonova, Director of Mazars in Kyrgyzstan, in her article (Nalogi i pravo (Taxes and Law) magazine, № 10, 2016) has highlighted some issues related to the withholding income tax obligations, explained its fundamentals and important aspects to be considered. Unfortunately, our laws are not perfect, and one could not answer many questions arising in this connection within one article.