Editor’s Note
**Editor’s Note:** With only 16 days left until the March 1 deadline, Kyrgyzstan’s State Tax Service urges taxpayers to legalize precious metal jewelry lacking primary documents. This initiative offers a final window to avoid liability and benefit from reduced assay fees.
The State Tax Service of Kyrgyzstan reminds taxpayers that only 16 days remain until the March 1 deadline for legalizing jewelry made of precious metals that were previously imported or produced without primary documents. This initiative allows individuals and businesses to avoid liability and fulfill their tax agent obligations.
Legalized items benefit from reduced rates for testing and hallmarking fees:
– For jewelry made of gold, platinum, and palladium, as well as foreign-made items (including previously used ones), the fee is 10 soms per item.
– For silver jewelry, both domestic and foreign-made, the fee is 8 soms per unit.
To legalize jewelry, taxpayers must submit the necessary documents through the electronic system ESF before the deadline. The steps are as follows:
1. Log into the electronic invoice system at esf.salyk.kg.
2. Go to the “Acquisition” section and select the DPBU subsection.
3. Click the “Add” button in the upper right corner.
4. In the pop-up window, check the box “Entering information about precious jewelry made of precious metals,” specifying the name, weight, quantity, and fineness.
5. When this option is selected, the main document details are generated automatically; the taxpayer only needs to fill in the commodity part. Commodity codes must correspond to the Unified Commodity Nomenclature of Foreign Economic Activity of the Eurasian Economic Union (HS EAEU). It is also recommended to indicate the type of jewelry and its fineness in the product name (e.g., gold ring 585 fineness, silver earrings 925 fineness). In each line, fill in the unit of measurement (pieces or grams), quantity, price per unit, and total cost.
6. The product name must be registered in the product directory under “Profile” > “Goods and Services” by clicking “Add new product.”
After entering the information, taxpayers must contact the UGN to undergo testing and hallmarking for the legalized jewelry.
According to a decision by the Cabinet of Ministers of the Kyrgyz Republic, the voluntary patent for this area has been canceled. Taxpayers engaged in operations with precious metals and jewelry are now required to apply a simplified taxation system with a tax rate of 0.25%, using cash register machines.