On the meeting of the Committee of oil and gas industry of the Presidium of “Atameken” National Chamber of Entrepreneurs of the Republic of Kazakhstan

16 february 2016

On February 09, 2016, regular meeting of the Committee of oil and gas industry of the Presidium of “Atameken” National Chamber of Entrepreneurs of the Republic of Kazakhstan (hereinafter – the Committee) chaired by Abulgazin D.R. was held.

During the meeting, the issues associated with export customs duty for oil and dark oil products, equipping of the industrial facilities of oil products manufacturers, oil product depots and fuel filling stations with control metering devices (CMDs), and with offset policy introduction in the Republic of Kazakhstan were discussed.

In connection with oil price reduction and significant drop in the revenues of subsoil users, tax load optimization in oil-producing sector is the most important issue to be solved. Currently, one of such issues is binding ECD rates to oil and oil products price taking into account changes of the world oil prices. One of the proposals introduced during the discussions was to provide temporary ECD scale term with possibility to its revision and changing during 2016. Moreover, taking into account the existing difference in taxes in Kazakhstan and RF, which impacts oil products pricing, in Unified Tax and Customs Code of RK creation it is necessary to pay special attention to changes in the tax system for oil supplies to the internal market in order to increase its profitability.

An important issue today is the creation of new high-tech industries, for which the offset policy is planned to be introduced in Kazakhstan. At the same time, according to the members of the committee, a new policy should not worsen the situation of the operating enterprises and companies. By the results of the meeting, it was decided to conduct meeting with stakeholders at “Atameken” National Chamber of Entrepreneurs in near future to develop consolidated position and proposals on offset obligations of subsoil users, and to submit the relevant information to the Ministries of Investment and Development, Energy, Justice of RK.

In order to improve the state regulation system for oil production and turnover, the Committee of State Revenues of MF of RK set the task to equip the industrial facilities of oil products manufacturers, oil products depots and fuel filling stations in the Republic of Kazakhstan with control metering devices (CMDs) by January 1, 2016. During 2015 and till present, “Atameken” NCE, KAZENERGY Association and industrial associations jointly with the authorized state bodies work out the ways to implement the program for equipping the industrial facilities with CMDs. This issue resolution will allow to facilitate the control over oil products turnover, taxation, pricing and to reduce fuel deficit risks in Kazakhstan market. Within this, in the agreement process, there remain issues of the CMDs installation postponement, state expertise procedures for design and construction, selection and installation of equipment for data transmission to RK fiscal authorities etc.

By the results of the meeting of “Atameken” NCE, KAZENERGY Association was instructed to continue its work on solving all the above issues.

KAZENERGY Association

Press Office

+7 (7172)79 01 81;

+7 701 999 87 12

S.Ismailova@kazenergy.com

 

 

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