VKontakte, which owns the VKontakte social network, has completed tax registration in Kyrgyzstan and paid the taxes due. This became known from reports confirming that the Russian social network has fulfilled all necessary obligations to the state.
Obligations to the budget and the actions of the State Tax Service
According to the State Tax Service of the Kyrgyz Republic, the company registered as a taxpayer, submitted the required reporting and fully paid the taxes due. The agency noted that work continues to monitor compliance with tax legislation by foreign companies providing digital services on the territory of Kyrgyzstan.
- service
- Alibaba
- service
- Microsoft
- service
- Telegram
As the State Tax Service reported, the registration of foreign internet companies helps create equal conditions for all market participants, regardless of their country of origin. The agency welcomed the responsible approach of VK LLC.
Background
Kyrgyzstan has a mechanism for taxing VAT on foreign companies that provide electronic services to consumers on the territory of the country, which is sometimes called the "Google tax."
