Kazakhstan Weighs Commodity Export Duties to Narrow Budget Gap
- Government boosted spending following riots two years ago
- Taxes on some metals and fuels exports could yield most income
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Kazakhstan is considering imposing taxes on exports of raw materials including metals and fuels this year to help cover a budget shortfall, according to people familiar with the matter.
Prime Minister Olzhas Bektenov is now weighing a proposal from the Finance Ministry for the fixed-rate duties, said the people who declined to be identified because the information isn’t public. Taxes on shipments of goods such as sulfur, coal and ferroalloys, along with ores and concentrates of copper and iron, are among those that are expected to yield the most revenue.