Publication:
Comparative Study of the Mining Tax Regime for Mineral Exploitation in Kazakhstan

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dc.contributor.authorOstensson, Olle
dc.contributor.authorParsons, Bob
dc.contributor.authorDodd, Samantha
dc.date.accessioned2015-03-11T19:13:31Z
dc.date.available2015-03-11T19:13:31Z
dc.date.issued2014-06-17
dc.description.abstractKazakhstan is rich in both minerals and hydrocarbons. While the hydrocarbons sector is relatively successful, the minerals sector has failed to achieve its potential. Despite large mineral reserves, very little investment has gone into the development of new mining projects and few foreign investors have been willing to invest in the sector. Almost all mines currently operating in Kazakhstan were already in operation in the 1990s, leaving a two decade gap in new mine development. Mining policy in Kazakhstan does not prioritize only revenue generation but aims at promoting employment, skills development and economic diversification. In order to achieve these goals Kazakhstan will have to attract foreign investment into the sector. There are several elements to the current mineral legislation and fiscal regime that are unusual in an international context and act as a deterrent to foreign investment. This report carries out a comparative analysis of Kazakhstan's mineral regime and makes recommendations on changes that could be made to the existing regime to bring it in line with international good practice. Kazakhstan's fiscal regime is compared to twelve other countries and to global trends in mineral regimes.en
dc.identifier.doi10.1596/21587
dc.identifier.urihttps://hdl.handle.net/10986/21587
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectaccess to information
dc.subjectaccounting
dc.subjectadverse consequences
dc.subjectamortization
dc.subjectauction
dc.subjectauction system
dc.subjectauctions
dc.subjectaudits
dc.subjectbank financing
dc.subjectbenchmark
dc.subjectbeneficiaries
dc.subjectbids
dc.subjectbusiness development
dc.subjectbusiness environment
dc.subjectcapital investment
dc.subjectcapital investments
dc.subjectcapital outlay
dc.subjectcapitalization
dc.subjectcash flow
dc.subjectcentral planning
dc.subjectcoal
dc.subjectcommercial contracts
dc.subjectcommodities
dc.subjectcommodity
dc.subjectcommodity price
dc.subjectcommodity prices
dc.subjectcomparative analysis
dc.subjectcompetitiveness
dc.subjectconflicts of interest
dc.subjectcopper
dc.subjectcorporate income tax
dc.subjectcorporate profits
dc.subjectCorporate social responsibility
dc.subjectcountry risk
dc.subjectcurrent account balance
dc.subjectCustoms Union
dc.subjectdeposit
dc.subjectdeposits
dc.subjectdevaluation
dc.subjectdeveloping countries
dc.subjecteconomic development
dc.subjecteconomic reform
dc.subjectEconomic Research
dc.subjectequipment
dc.subjectExcess profits
dc.subjectexcess profits tax
dc.subjectExcess profits taxes
dc.subjectexpenditures
dc.subjectexploration and mining
dc.subjectexploration and mining licenses
dc.subjectexport tax
dc.subjectexport taxes
dc.subjectexports
dc.subjectexposure
dc.subjectfinances
dc.subjectfinancial statement
dc.subjectfinancial statements
dc.subjectfiscal policy
dc.subjectforeign companies
dc.subjectforeign exchange
dc.subjectforeign investment
dc.subjectforeign investors
dc.subjectfraud
dc.subjectgas
dc.subjectGDP
dc.subjectgeological information
dc.subjectglobal market
dc.subjectgold
dc.subjectgovernment debt
dc.subjectgovernment funds
dc.subjectgovernment policies
dc.subjectgovernment policy
dc.subjectgovernment revenue
dc.subjectgovernment revenues
dc.subjectgovernment support
dc.subjectholding
dc.subjectholding company
dc.subjecthome countries
dc.subjecthost country
dc.subjecthuman development
dc.subjectincome
dc.subjectincome tax
dc.subjectincome taxes
dc.subjectindustrialization
dc.subjectinfrastructure investments
dc.subjectintellectual property
dc.subjectinterest payments
dc.subjectinterest rates
dc.subjectinternal rate of return
dc.subjectInternal Rates of Return
dc.subjectinternational best practice
dc.subjectinternational reserves
dc.subjectinternational trade
dc.subjectinvestment decision
dc.subjectiron
dc.subjectiron ore
dc.subjectjurisdiction
dc.subjectjurisdictions
dc.subjectLarge mining
dc.subjectlegislative framework
dc.subjectlender
dc.subjectlenders
dc.subjectlevel playing field
dc.subjectlevies
dc.subjectliability
dc.subjectliberalization
dc.subjectLife expectancy
dc.subjectlocal business
dc.subjectlocal economy
dc.subjectlocal government
dc.subjectloss of confidence
dc.subjectmacroeconomic stability
dc.subjectmarket penetration
dc.subjectmine development
dc.subjectMineral Development
dc.subjectmineral exploitation
dc.subjectmineral investment
dc.subjectmineral legislation
dc.subjectmineral production
dc.subjectmineral reserves
dc.subjectmineral resources
dc.subjectmineral rights
dc.subjectMineral royalties
dc.subjectmineral sector
dc.subjectminerals
dc.subjectminerals sector
dc.subjectmines
dc.subjectmining companies
dc.subjectmining company
dc.subjectmining equipment
dc.subjectmining industries
dc.subjectmining industry
dc.subjectmining law
dc.subjectmining legislation
dc.subjectMining policy
dc.subjectmining project
dc.subjectmining projects
dc.subjectmining sector
dc.subjectmining tax regime
dc.subjectmining tax system
dc.subjectNational Bank
dc.subjectnational mining
dc.subjectnatural resources
dc.subjectoil
dc.subjectoutput
dc.subjectoutputs
dc.subjectoutsourcing
dc.subjectownership interest
dc.subjectpartial privatization
dc.subjectpetroleum taxation
dc.subjectpotential investors
dc.subjectprecious metals
dc.subjectprice fluctuations
dc.subjectprivate investment
dc.subjectprivatization
dc.subjectproduction costs
dc.subjectprofit margins
dc.subjectproperty rights
dc.subjectrapid economic growth
dc.subjectrate of growth
dc.subjectrate of return
dc.subjectrate of return for investors
dc.subjectrefining
dc.subjectregulatory framework
dc.subjectregulatory regimes
dc.subjectremote areas
dc.subjectremote locations
dc.subjectreserve
dc.subjectreserves
dc.subjectresource rents
dc.subjectreturn
dc.subjectReturns
dc.subjectrevenue streams
dc.subjectrisk capital
dc.subjectshareholders
dc.subjectsmelter
dc.subjectsocial developments
dc.subjectsocial investment
dc.subjectsocial investments
dc.subjectsolid minerals
dc.subjectstate-owned mines
dc.subjectStock Exchange
dc.subjectStock Exchanges
dc.subjectsubsidized housing
dc.subjectsubsoil law
dc.subjectsurrounding communities
dc.subjecttax
dc.subjecttax administration
dc.subjecttax audits
dc.subjectTax avoidance
dc.subjecttax benefit
dc.subjecttax benefits
dc.subjectTax Code
dc.subjecttax codes
dc.subjecttax collections
dc.subjecttax deductions
dc.subjecttax evasion
dc.subjectTax exemptions
dc.subjectTax incentives
dc.subjecttax increases
dc.subjecttax law
dc.subjecttax laws
dc.subjecttax legislation
dc.subjecttax liabilities
dc.subjecttax liability
dc.subjecttax policy
dc.subjecttax provisions
dc.subjecttax rate
dc.subjecttax rates
dc.subjecttax regime
dc.subjecttax regimes
dc.subjecttax revenue
dc.subjecttax revenues
dc.subjecttax rules
dc.subjecttax system
dc.subjectTax Treatment
dc.subjecttaxable income
dc.subjecttaxation
dc.subjecttaxation rates
dc.subjecttechnological change
dc.subjectthird party transactions
dc.subjecttrack record
dc.subjecttrade policy
dc.subjectTrading
dc.subjecttransition economies
dc.subjectTransparency
dc.subjectTransparency Initiative
dc.subjectturnover
dc.subjecturanium
dc.subjectValue added
dc.subjectValue added tax
dc.subjectwages
dc.subjectwithholding tax
dc.subjectwithholding taxes
dc.subjectWTO
dc.subjectzinc
dc.titleComparative Study of the Mining Tax Regime for Mineral Exploitation in Kazakhstanen
dspace.entity.typePublication
okr.date.disclosure2015-02-23
okr.date.doiregistration2025-05-07T08:48:48.590322Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Mining/Oil and Gas
okr.globalpracticeEnergy and Extractives
okr.identifier.report94482
okr.language.supporteden
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.sectorEnergy and mining :: Mining and other extractive
okr.themePublic sector governance :: Tax policy and administration
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeEnvironment and natural resources management
okr.themeEnvironment and natural resources management :: Other environment and natural resources management
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicIndustry::Mining & Extractive Industry (Non-Energy)
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicPrivate Sector Development::Emerging Markets
okr.unitEnergy & Extractives - GP (GEEDR)
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