According to the IBC representative, if considering revenue rather than profit, the tax burden on the industry varies between 33–43%. However, when recalculated based on net profit, the figure increases significantly.
Tax burden indicators
Risks to investment and budget
Askar Sydykov, who is also an independent member of the Board of Directors of OJSC O!Bank, noted that any changes to the tax regime must take into account project payback periods and the volume of investment in gold mining. In his opinion, further increasing fiscal pressure could have negative consequences.
Furthermore, information was voiced regarding a possible increase in the royalty rate for the sector. According to preliminary information, parliament has already supported this initiative, though these data still require official confirmation.
