The State Tax Service has announced changes to the calculation and payment of property tax, which will come into force from 2025.

Now the amount of tax on residential property will be calculated according to a new formula: area (including benefits) is multiplied by the tax rate in soms per square metre. The rates will be approved by local councils every three years and cannot exceed 100 soms per square metre. For example, if the rate in Bishkek is 70 soms per square metre, and the area of a house is 200 square metres (taking into account the exemption - 150 square metres), the tax will be 3,500 soms.

Local councils must approve the rates for the period 2025-2027 by 1 March 2025. Tax authorities will send notices no later than 30 days before the due date. The tax will have to be paid by 1 September this year.

If you have a container, hangar or other non-residential structure in the market, the tax will be calculated according to the registers that market owners are obliged to provide. Notices will be sent automatically, and the tax must be paid quarterly, by the 20th day of the third month of the quarter. Market owners are obliged to provide data on non-residential facilities by 1 February, otherwise they will face a fine of 65 thousand soms.

Tax on adjacent plots in apartment buildings will be distributed among the owners in proportion to their share. If the building is managed by a cooperative or management company, the tax will be paid by this organisation.

Parents or guardians of children with disabilities will receive a 50% discount on tax for one residential building, premises or vehicle. Also, the amount of tax on non-residential property can be reduced by the amount of tax on the land plot under it.

Until 1 January 2026, the tax service will be able to independently assess property tax for individuals if they have not filed reports. This applies to residential buildings that are not used in business and are not located in resort areas, vehicles, household, homestead and garden plots, as well as agricultural land.

If you have any questions, it is better to clarify the details in advance with the tax office or your accountant to avoid problems with paying tax in 2025.