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kyrgyz gold sector windfall profits tax

  1. 100 Posts.
    lightbulb Created with Sketch. 8
    Does anyone know if the prospect of 'windfall profits tax' on Andash has been raised by Kentor or in broker valuations previously? I came across the following in the "MEDIUM TERM DEVELOPMENT PROGRAM OF THE KYRGYZ REPUBLIC FOR 2012-14". Not all that surprising, but still hadn't seen it before.
    Of course, Andash has to actually get the go ahead before profits became an issue..

    excerpt from avove document:
    44. To evening up the tax burden and ensuring completeness of tax collections the following measures will be undertaken:
    ...
    For purposes of reimbursing budget losses, the sales tax rate
    will be raised for the communications sector as it is one of the economy’s most highly profitable industries, and a windfall profits tax on gold mining enterprises will also be introduced.

    cheers
    Ben
 
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