Osh residents pay taxes on rental income
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In Osh, Kyrgyzstan, almost 6,800 people reported income from renting out properties and paid taxes on it last year.
Tax authorities in the city are inspecting apartment buildings to find owners who are not declaring rental income. Individuals who register a patent pay 30 soms per square meter for apartments and 40 soms per square meter for houses. Aysylbek Abdyrai uulu of the tax administration stated the tax amounts are low and should not raise rental prices.
The increase in tax revenue from rental properties reached 4.354 million soms. Osh experiences high levels of internal migration and has many universities, creating strong demand for rental housing. Tax evasion carries a fine of 7,500 soms for individuals and 23,000 soms for companies.
