25 business associations firmly oppose bill suggesting to raise insurance deduction

AKIPRESS.COM - Representatives of 25 business associations appealed to the Parliament regarding the bill published on the website of the Parliament on May 27. MP Samatbek Ibraev is the sponsor of amendments that aim to enable setting the insurance deduction rate at 15.25% for employers and 13% for employees. Thus, the overall rate will be 28.25%, which is 1% higher than the current rate (27.25%).
"The business community of Kyrgyzstan is against this initiative which does not take into consideration the current difficult economic situation in which entrepreneurs and workers find themselves due to the severe economic crisis caused by the pandemic, political instability, closing of borders and other factors, which has been lasting for over a year, and the main directions of state policy in this area, aimed at reducing rates of social benefits and reducing the shadow sector of the economy," the business community said.
The business community of Kyrgyzstan calls MP Ibraev to recall his bill and calls on the entire parliament not to take any measures to worsen the situation of entrepreneurs before the end of their term in view of the current catastrophic economic situation in Kyrgyzstan.