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Kyrgyzstan proposed zero VAT on imports of soybean oil and rapeseed oil

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On November 26, 2024, the Legal Portal of Kyrgyzstan informed that in order to create conditions for ensuring national food security and stabilizing food market prices, the Cabinet of Ministers of the Kyrgyz Republic issued a Draft Resolution on Amendments to Some Cabinet Resolutions for the Purpose of Ensuring National Food Security and Stabilizing Market Prices, with the main points including:

  

(1) From January 1, 2025 to December 31, 2025, imports of soybean oil (commodity code 1507 10 100 0 ) and rapeseed oil (commodity code 1514 11 100 0 ) shall be exempt from import VAT;

  

(2) The resolution shall be duly published and shall take effect from January 1, 2025 onwards.


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