VK completes tax registration in Kyrgyzstan

BISHKEK. Nov 2 (Interfax) - Russian technology holding VK has completed tax registration in Kyrgyzstan, the Kyrgyz State Tax Service (STS) said.

"VK LLC has completed tax registration in Kyrgyzstan, submitted its reports and fully fulfilled its tax obligations," the STS said in a statement.

The registration of foreign digital companies and the payment of taxes ensure equal competitive conditions for all market participants regardless of their place of registration, the STS said.

"The STS welcomes the responsible approach of VK LLC and will continue work to ensure compliance with tax legislation by all foreign organizations providing electronic services in Kyrgyzstan," it said.

VK is Russia's largest technology company by number of users. It owns the social networks VKontakte and Odnoklassniki, the news platform Dzen, Mail.ru Mail and Mail Cloud. The company is also developing the national messenger Max, music and video services, communication and dating services, educational platforms, a gaming platform and a number of other services. Its portfolio also includes a set of products and services for digitalizing business processes.