New decree to boost Kyrgyzstan's creative industries with tax breaks

Kyrgyzstan is set to bolster its burgeoning creative industries with a new presidential decree focused on improving the tax system. The initiative, signed by President Sadyr Japarov, aims to create more favorable conditions for sectors ranging from film and television production to software development and artificial intelligence.

The Ministry of Culture, Information, and Youth Policy announced that the decree specifically targets producers of films and television programs, software developers, AI projects, startups, digital platforms, bloggers, and other representatives of the creative industries. These entities will benefit from tax breaks, allowing them to reinvest their resources into new projects, acquire modern equipment, enhance professional skills, create jobs, and improve product quality over the next five years.

Globally, the creative economy is recognized as one of the most dynamic sectors, with fields like cinema, animation, music, design, and digital content significantly contributing to economic growth, expanding export opportunities, and enhancing national prestige. Kyrgyzstan, with its rich creative and intellectual potential, is well-positioned to capitalize on these trends.

Domestic directors, scriptwriters, producers, actors, designers, musicians, IT specialists, and young entrepreneurs possess the capability to create high-quality products competitive in the global market. The implemented measures are expected to foster the growth of the national film industry, increase creative projects, introduce new technologies, attract investment, and ultimately elevate Kyrgyzstan's creative economy on the international stage. The Ministry of Culture, Information, and Youth Policy has pledged to continue supporting these industries.