The Kyrgyzstan State Tax Service has issued a release announcing that the patent taxation regime will be abolished from 1 January 2024. The patent regime is a simplified regime primarily used by micro-businesses and entrepreneurs involved in certain trade activities. According to the release, taxpayers carrying out trade activity under the patent regime must switch to either the general tax regime or the single tax regime by 1 January 2024. Applications to switch to another regime may be sub…