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Kyrgyzstan Review, 10 years ago

[16.04.23] Real Estate Tax Register Underway

Preliminary statistic reports reveal that there are about 1,9 mln real estate units in Kyrgyzstan. 66% of them are houses and privatized apartments, over 3% - industrial, commercial and other real estate objects, 31% - land allotments and non-agricultural lots.
Presently, State agency for registration of real estate rights is completing the registration process in the cities of Kyrgyzstan. Real estate tax register will be put together based on results of this registration.
All of the issues have been discussed at the round table in Bishkek Hyatt Regency, initiated by the Sate registration agency and Swedish organization Swede Survey. T.Omuraliev, director of State registration agency, minister for local administration affairs, pointed out that real estate evaluation and registration of property rights will make the tax more fair and help the population accept it, which will smoothen the tax reform in Kyrgyzstan. The final version of the law On the order of estimating real estate value for taxation will be presented to and approved by the Legislative Assembly of the Jogorku Kenesh.
KNNA Kabar, April 16, 2003

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