Journal of Osh State University. Economics

Features of accounting and taxation of the construction industry in the Kyrgyz Republic

This article examines the features of accounting and taxation of the construction industry in the Kyrgyz Republic, studies the theory and practice of revenue recognition in construction accounting, the legislative framework and methods for recognizing income and expenses of construction companies, and also examines changes in international standards for revenue accounting in construction, analyzes the conditions recognition of revenue and corresponding expenses under IFRS 15 “Revenue from Contracts with Customers” and the impact of technological and commercial developments in the tax system on the activities of entities in the construction industry and the state tax service

аccounting in construction companies; IFRS; construction contracts; contract price; cash method of accounting; accrual method; digitalization of tax procedures