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Government proposes to regulate export of gold ore through taxes

The Government of Kyrgyzstan proposes to regulate the export of gold ore through taxes, Vice Prime Minister Oleg Pankratov said today at a meeting of the parliamentary committee on the fuel, energy complex and subsoil use.

The deputies suggested him to voice the government’s position, as they are currently drafting a bill. Therefore, it is necessary to know whether it is expedient to introduce a duty or to build a plant.

Oleg Pankratov said that after the accession of Kyrgyzstan to the EEU, the republic can’t introduce regulations. «The duties won’t affect the ore that is exported to Kazakhstan, only to China. We propose to introduce regulations not through duty, but through taxation," he explained.