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Kyrgyzstan’s Mining Fiscal Regime: H2 2015

Wednesday 11 November 2015

DUBLIN (Business Wire)—The Kyrgyz fiscal regime report outlines the governing bodies, laws, mining rights and tax-related information on five commodities: copper, uranium, silver, gold and coal.

The fiscal regime report covers Kyrgyzstan which has substantial deposits of gold and copper, and mineral resources which form much of the country’s economic potential.

Its mining industry is governed by State Agency on Geology and Mineral Resources of the Kyrgyz Republic.

Mineral Resources Act, amended by Act No. 77 of May 24, 2014, is the main law for the mining industry in Kyrgyzstan.

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

Key Topics Covered:

  1. Executive Summary
  2. The Kyrgyz Mining Industry - Governing Bodies
    1. The State Agency on Geology and Mineral Resources of the Kyrgyz Republic
      1. Licensing Department
  3. The Kyrgyz Mining Industry - Governing Laws
    1. Mineral Resources Act
      1. Basis for granting mineral rights
      2. Effective terms of mineral rights
      3. Procedures for granting mineral rights
      4. Suspension and termination of mineral use rights
  4. The Kyrgyz Mining Industry - Key Fiscal Terms
    1. Tax on use of Subsoil
    2. Profit Tax
    3. Land Tax
    4. Withholding Tax
    5. Depreciation
  5. Value Added Tax (VAT)
  6. Appendix

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