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Zero rate of oil export duty established in Kazakhstan

Almaty. January 27. Kazakhstan Today - The zero rate of oil export duty is in force in Kazakhstan since today, the agency reports citing the governmental order of Kazakhstan №1253 of December, 26th, 2008 on amendments to the governmental order of the Republic of Kazakhstan of October, 15th, 2005 №1036, published in official mass media on December, 27th, 2008. According to the appendix to the document, the zero rate of oil duty has been established on crude oil, liquid fuel, light and average distillates, some types of gasoils and liquid fuel, except for heavy distillate liquid fuel. According to the government decree, the rate of oil bitumen duty decreases up to $41.42 for a ton (earlier - $95.49 for a ton) and on some types of heavy distillates - up to $61.86 for a ton. As informed earlier, the government, according to the regulation of December, 5th, 2008 №1162, intended to lower the rate of export oil duty since January, 20th, 2009 from $203.8 up to $139.79 for a ton. As informed earlier, the duty now will be reconsidered monthly, instead of once a quarter as it was earlier.

Resourse: Kazakhstan Today

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