BAKU, Azerbaijan, September 17. Kazakhstan has
postponed the introduction of royalties on solid minerals from 2027
through 2029.
This was reported in a statement issued by the Kazakh government
following the 28th meeting of the Project Office for the
implementation of the Tax Code, chaired by Deputy Prime Minister
and Minister of National Economy Serik Zhumangarin.
"The Ministry of Industry and Construction proposed postponing
the introduction of the royalty. Under the new Tax Code, the
royalty was initially scheduled to take effect from January 1,
2027, for the sale of mineral raw materials and solid minerals,
including processed materials, extracted under licenses issued
after December 31, 2026, in areas where subsoil use rights had not
previously been granted," the statement said.
The ministry said additional work is required to determine the
tax base for man-made mineral formations, establish royalty
administration procedures and set rates taking into account the
specifics of new licenses, project capital intensity and the
profitability of associated components.
According to the Ministry of Industry and Construction, these
issues require coordination between different sectors and testing
based on companies’ financial and economic models.
"Following the discussion, participants supported postponing the
application of royalties on solid minerals from January 1, 2027, to
January 1, 2029", the government said
