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Kazakhstan has no plans to raise exports duty on crude

24 march 2011, 15:14
0
©RIA Novosti
©RIA Novosti
The Government of Kazakhstan does not consider further raising the customs duty on crude, Profinance.kz quoted Minister of Economic Development and Trade Ms. Zhanar Aitzhanova as saying.

“As of today we are not considering raising the customs duty on crude. Last year the customs duty stood at $ 20 per ton, it has been raised to the current $ 40 per ton; further raising is out of question for now”, she told journalists in Astana on Thursday.

“Some countries apply exports duty alone, whereas Kazakhstan applies exports duty and extraction tax, there is no immediate need to raise the exports duty”, Interfax-Kazakhstan quoted the Minister.

Starting from January 1, exports duty on crude stands at $ 40 per ton. The previous rate stood at $ 20 per ton. According to Finance Ministry, in 2011 Kazakhstan expects to get KZT 421.4 billion ($ 2.8 billion) from introducing the exports duty.

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