Recently published research from Timetric, "Kyrgyzstan's Mining Fiscal Regime: H1 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 07/16/2014 -- Kyrgyzstan has substantial deposits of coal and gold. Mineral resources form much of the country's economic potential. Its mining industry is governed by the Ministry of Industry, Energy and Fuel Resources and the State Geology Agency for Geology and Mineral Resources. The Law of the Kyrgyz Republic "On Subsoil" is the apex law for the mining industry in Kyrgyzstan.
- The Ministry of Industry, Energy and Fuel Resources of the Kyrgyz Republic is the central state executive authority carrying out state policy on the development of the energy sector and industry, coal mining, pipelines and renewable energy.
- The State Agency on Geology and Mineral Resources of the Kyrgyz Republic is the public agency that implements policy in the field of subsoil use and the development of the mining industry.
- The State Agency on Geology and Mineral Resources under the Kyrgyz government administers the licensing of subsoil use. Licensing is mandatory for all types of mineral subsoil use.
- The Geology Department is part of the State Agency for Geology and Minerals of the Kyrgyz Republic.
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The report outlines Kyrgyzstan's governing bodies, governing laws and key fiscal terms which includes, Tax on use of Subsoil, Bonuses, Royalty, Corporate Income Tax, Land Tax, Withholding Tax, Depreciation, Loss Carry Forward and Value Added Tax (VAT).
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