Kazakhstan’s Mining Fiscal Regime: H2 2015

Kazakhstan has significant fossil fuel reserves, and mineral and metal deposits. It produces a variety of mineral resources such as coal, uranium, lead, zinc, tungsten, molybdenum, borates, phosphorite, copper, potassium and cadmium. GlobalData's fiscal regime report covers mining industry of Kazakhstan which is governed by the Ministry of Industry and New Technology and Ministry of Environmental Protection. The Law of Subsoil and Subsoil Use is the main regulating law for mining activities in the country.

Scope

The report outlines governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes upfront payments and taxes on subsurface usage, land tax, vehicle tax, deductions, depreciation, loss carry forward, withholding taxes and value added tax (VAT)

Key Highlights

• Ministry of Investment and Development is responsible for the country’s technical and scientific development, as well as industries including chemical, pharmaceutical, small-scale business, woodworking and furniture, building and the manufacturing of building materials.

• Subsoil Use Department operates under the Ministry of Investment and Development, and is responsible for managing the state’s mineral resources.

• Mining activities in the country are regulated by the Law of Subsoil and Subsoil Use, effective from June 24, 2010.

Reasons to buy

Gain an overview of Kazakhstan's mining fiscal regime

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Kazakhstan Mining Industry – Governing Bodies

2.1 Ministry of Investment and Development

2.1.1 Subsoil Use Department

3 The Kazakhstan Mining Industry – Governing Laws

3.1 Law of Subsoil and Subsoil Use

4 The Kazakhstan Mining Industry – Ownership and Licensing Methods

4.1 Mining Ownership

4.2 Licensing Type

4.3 Duration and Area

5 The Kazakhstan Mining Industry – Mining Rights and Obligations

5.1 Rights

5.2 Obligations

6 The Kazakhstan Mining Industry – Key Fiscal Terms

6.1 Upfront Payments and Taxes on Subsurface Usage

6.1.1 Signature bonus

6.1.2 Commercial discovery bonus

6.1.3 Payment to compensate for historic cost

6.1.4 Tax on production of useful minerals

6.1.5 Excess profits tax

6.2 Land Tax

6.3 Vehicle Tax

6.4 Deductions

6.5 Depreciation

6.6 Loss Carry Forward

6.7 Withholding Taxes

6.8 Value Added Tax (VAT)

7 Appendix

7.1 Abbreviations

7.2 Secondary Research

7.3 Primary Research

7.4 Contact GlobalData

7.5 About GlobalData

7.6 GlobalData’s Services

7.7 Disclaimer

List of Tables

Table 1: The Mining Industry in Kazakhstan – Fiscal Regime Terms and Other Taxes 2015

Table 2: The Mining Industry in Kazakhstan – Tax on Production of Useful Minerals (%), 2015

Table 3: The Mining Industry in Kazakhstan – Excess Profit Tax Rates (%), 2015

Table 4: The Mining Industry in Kazakhstan – Transportation Tax Rates (%), 2015

Table 5: The Mining Industry in Kazakhstan – Depreciation Groups and Rates (%), 2015

Table 6: The Mining Industry in Kazakhstan – Withholding Tax Rates (%), 2015

List of Figures

Figure 1: The Mining Industry in Kazakhstan – Commodity Mines at Different Stages (Number of Mines), 2015

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports