Recently adopted the Law on amendments and changes to the Tax Code of the KR establishing quarterly tax reporting and tax payments system for small-size taxpayers and quarterly tax reporting for medium-size taxpayers with regard to Personal Income Tax and Sales tax. Small-size taxpayers are defined as entities or individual entrepreneurs with the annual revenue not exceeding 4 mln. soms. Medium-size taxpayers are entities or individuals with the annual revenue from 4 to 30 mln. soms (The Law of KR №96 dd May 15, 2015).