Kazakhstan to impose individual tax on each field

Oil&Gas Materials 3 March 2009 13:07 (UTC +04:00)

Kazakhstan, Astana, March 3 / Trend , K. Arinova/

Kazakhstan plans to impose an individual tax on each natural-resources user, Kazakh Energy and Natural Resources Minister Sauat Minbayev told reporters.

"We will introduce a new decree to the government according to which we will have to apply the Tax Code to each natural-resources user," Minbayev said.

The minister added that the government will examine a draft decree to cut taxes on production at solid-resource fields next Friday.

The government plans to examine tax cuts on natural-resources production for oil fields next Tuesday.

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