Financial Police: Most oil companies evade taxes in Kazakhstan
Kazakhstan, Astana, Nov. 19 / Trend A.Maratov /
Most oil companies operating in Kazakhstan are evading taxes and other payments to the budget, Head of the information-analytical department of the Kazakh Agency for Fighting Economic Crime and Corruption (financial police) Adil Abylkassymov said on Friday.
"Despite the favorable regime, the majority of subsoil users continue to evade taxes through various schemes, including the use of transfer pricing," Abylkassymov said in the international scientific-practical conference on "Political and legal aspects of the subsoil use in Kazakhstan: the guarantees of economic stability".
So, he said, cost of sold goods is underestimated with export transactions and the cost of goods repeatedly overstated with import operations.
"These schemes contribute to the withdrawal of capital from the country," he said.
In addition, Abylkassymov noted, now some members of the mining sector is used obsolete equipment for recycling of industrial wastes.
"In this case, excessive extraction of minerals, the excess combustion of gas, disposal of production waste in unauthorized places without a special permit for emissions, etc. cause irreparable damage to the environment," he stressed.
Today, a number of subsoil users - a branch of the Karachaganak Petroleum Operating BV, Tengizchevroil LLP, Kazakhoil-Aktobe, Kazakhturkmunai, Sagiz Petroleum Company, JSC KMK-Munai (formerly AO Lancaster Petroleum) and others were brought to justice for such violations.