Kyrgyzstan’s Mining Fiscal Regime: H1 2015

Timetric
February 28, 2015
TIM19640
$995.00

Synopsis
Timetric’s Kyrgyz fiscal regime report outlines the governing bodies, laws, mining rights, and tax-related information on five commodities: copper, uranium, silver, gold and coal.

Summary
Kyrgyzstan has substantial deposits of gold and copper, and mineral resources form much of the country’s economic potential. Its mining industry is governed by the Ministry of Energy and Industry of Kyrgyzstan and the State Geology Agency for Geology and Mineral Resources. Mineral Resource Act is the apex Law of the Kyrgyz Republic for the mining industry in Kyrgyzstan.

Scope
The report outlines Kyrgyzstan's governing bodies, governing laws, mining rights and key fiscal terms which includes, tax on use of subsoil, corporate income tax (CIT), Land Tax, withholding tax, depreciation, loss carry forward and value added tax (VAT).

Reasons To Buy
Gain an overview of Kyrgyzstan's mining fiscal regime.

Key Highlights
• The State Agency on Geology and Mineral Resources of the Kyrgyz Republic is the public agency that implements policy in the field of subsoil use and the development of the mining industry.

• The State Agency on Geology and Mineral Resources, under the Kyrgyz government, administers the licensing of subsoil use.

• The Law of Kyrgyz Republic "Mineral Resources Act” amended by Act No. 77 of May 24, 2014 is the main law for the mining industry in Kyrgyzstan. The law governs relations arising between the government and individuals and legal entities relating to subsoil use, and determines the procedure of state legal regulation, the competence of the government bodies, and others.

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1 Executive Summary
2 The Kyrgyz Mining Industry – Governing Bodies
2.1 The Ministry of Energy and Industry of the Kyrgyz Republic
2.2 The State Agency on Geology and Mineral Resources of the Kyrgyz Republic
2.2.1 Licensing Department
3 The Kyrgyz Mining Industry – Governing Laws
3.1 Mineral Resources Act
3.1.1 Basis for granting mineral rights
3.1.2 Effective terms of mineral rights
3.1.3 Procedures for granting mineral rights
3.1.4 Suspension and termination of mineral use rights
4 The Kyrgyz Mining Industry – Key Fiscal Terms
4.1 Tax on use of Subsoil
4.1.1 Bonuses
4.1.2 Royalty
4.2 Corporate Income Tax (CIT)
4.3 Land Tax
4.4 Withholding Tax
4.5 Depreciation
4.6 Loss Carry Forward
4.7 Value Added Tax (VAT)
5 Appendix
5.1 Abbreviations
5.2 Methodology
5.3 Secondary Research
5.4 Primary Research
5.5 Contact Timetric
5.6 About Timetric
5.7 Timetric’s Services
5.8 Disclaimer

Table 1: The Mining Industry in Kyrgyzstan – Fiscal Regime Terms and Other Taxes (%), 2015
Table 2: The Mining Industry in Kyrgyzstan – Depreciation Tax (%), 2015

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

$995.00

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