English
Kazakhstan will tax oil production 4-20% depending on the size of the oil deposit as the Government is planning to maximize revenues from energy resources. Kazakhstan"s Deputy Finance Minister Daulet Ergozhin said: "The higher the deposit, the higher the tax," adding that the tax would be levied on all oil companies effective as of 1 January 2009. Kazakhstan holds 3.3% of the world"s charted oil deposits and is seeking extra revenue from the high price of raw materials.
Kazakhstan Taxes Oil Production By The Size of The Oil Deposit
F.A.
Ziarul BURSA #English Section / 15 iulie 2008
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