Taxes and special payments of users of mineral resources (kinds and the application mechanism).

Special payments and taxes of subsoil users: Bonuses (signature and commercial discovery); Payment for compensation of historical costs; Excess profit tax; Mineral extraction tax.

Bonuses are Fixed payments of subsoil users and are paid in the monetary form in the amount and in the procedure established by the contract.

The signature bonus is a one-off fixed payment of subsoil users for the right of realization of activity on subsoil use in the contract area and is set separately for each contract.

Commercial discovery bonus is paid for each commercial discovery on the contract territory, except for contracts for the exploration of mineral deposits, do not envisage their further production.

The object of taxation is the volume of recoverable reserves of mineral resources, which was approved by an authorized for this purpose by the public authority.

The base of calculation of the payment is the cost of the volume of approved recoverable reserves of mineral resources.

Commercial discovery bonus is paid at the rate of 0,1 % from the base of calculation not later than 90 days from the date of approval of the authorised for the purpose by the public authority of the volume of extracted mineral reserves at the field.

Declaration on the bonus seems to be the subsoil user to the 15th of the second month following the month in which the due date of payment.

Excess profit tax

The object of taxation is the excess part of the net income of a subsurface user in each individual contract for the tax period

Excess profits tax is calculated at rates ranging from 0 % to 60% on the basis of the achieved level of the internal rate of return at the end of the tax period (calendar year). The tax is paid not later than 15 April of the year following the tax period.

Excess profits tax Declaration is submitted by the subsoil user, not later than 10 April of the year following the tax period.

Tax on extraction of mineral resources
For oil, minerals (except for widely spread minerals), common minerals, underground waters, therapeutic muds. Payers: subsoil users carrying out the extraction of all of the above. Paid by: separately for each type of resource. Oil: Object of taxation - physically volume. The tax base is the value of the volume of extracted oil, natural gas, gas condensate. The amount of tax is calculated on the basis of the object of taxation, the base and rate. Common minerals: Not be paid if: In case of reverse pumping of underground water in the bowels for maintaining reservoir pressure. Phis.p.. impl. by extraction of underground water in his area, for your own non-commercial purposes; On groundwater extracted state agencies for their needs

The tax base is the value of the volume of extracted minerals.

The tax period – quarter

Shall be paid not later than the 25th day of the 2 month mark. The tax period.

Decloration - not later than the 15th of the 2 month mark h ing period.

29. Tax administration. Tax administration shall consist in the performance by the tax service authorities of the tax supervision, applying methods of ensuring the implementation of the tax obligations that have not been performed in time and of measures of enforced collection of tax arrears, as well as rendering state services for taxpayers (tax agents) and other authorized state bodies in accordance with the Republic of Kazakhstan legislation. The tax supervision means the state supervision by the tax service authorities of the compliance with the provisions of tax legislation of the Republic of Kazakhstan, other legislation of the Republic of Kazakhstan, of which the supervision of compliance is entrusted to the tax service authorities. The tax supervision shall be exercised as follows: 1) in the form of tax inspection; 2) other forms of state supervision. Tax Secrecy.Any information concerning a tax payer (tax agent) received by a tax service authority, except for the following, shall constitute tax secrecy:1) concerning amounts of taxes and other obligatory payments to the budget, paid (transferred) by the taxpayer (tax agent), except for natural persons;2) concerning amounts of refund from the budget to taxpayers of excess amounts of value-added tax offset, over amounts of the assessed tax.Tax inspection – another form of tax supervision carried out by the Tax Service Authorities during working hours at the location specified in the registration details of the taxpayer (tax agent) for the purpose of:- confirmation of the actual location or absence of the taxpayer (tax agent) at the place of location specified in the registration details;- delivery of the tax inspection to the taxpayer (tax agent);- delivery of a notification to the taxpayer (tax agent.

Date: 2015-12-11; view: 1412