According to updates, jewelry companies are exempt from paying value-added tax on equipment, technologies, reagents, and semi-finished products imported into the territory of Kyrgyzstan for the needs of jewelry production.
Additionally, the document allows for the legalization of remaining jewelry made from precious metals that were imported or produced earlier, within a two-month period. During this time, a moratorium on inspections by tax authorities will be introduced.
Jewelry manufacturers are also given the opportunity to voluntarily use their own hallmark for testing and marking products, which confirms the corresponding assay, except for the state assay mark.
Changes have also been made to the Code of Offenses: liability has been introduced for working with jewelry without special accounting. The fine for individuals will be 5,000 soms, and for legal entities — 13,000 soms.
These measures are aimed at supporting the jewelry industry, reducing the cost of goods, increasing their competitiveness, as well as accelerating the modernization of production processes and the introduction of modern technologies to create products that meet international standards.
We remind you that earlier, by the Law of the Kyrgyz Republic adopted on July 31, 2025, a single tax rate for producers and sellers of jewelry was established at 0.25%, while previously the rates ranged from 2 to 4 percent.
