Kazakhstan Mineral Extraction Tax update

Verified facts

• The tax-authority notice states that Article 783 of the new Tax Code applies a 0.1 reducing coefficient to the Mineral Extraction Tax rates in Article 781 for solid minerals extracted from technogenic mineral formations. The notice also says the preceding Tax Code did not have a separate article or calculation procedure for those solid minerals. A published tax explanation does not classify a particular stockpile, residue, formation, mineral, processor or taxpayer.
• The same notice describes a five-year MET exemption for existing capital-intensive mining projects under Article 782 where stated conditions are met, including production starting after 31 December 2022, an IRR of 15% or less and restrictions on transfer of the relevant subsoil-use right during application of the provision. Those published conditions do not prove that any project meets them, that the methodology has been applied, that the exemption has been granted or that its value has been modelled correctly.
• The Department of Geology separately reported an August 2026 programme update that opened additional territory for solid-mineral exploration. A programme-level availability statement is distinct from a tax treatment and does not establish the legal status, application route, geology, environmental boundary, licence decision, commercial viability or processing plan for a named block.
• World Bank mining-sector diagnostic material provides independent context on governance and development questions in Kazakhstan’s mining sector. It does not resolve an operator’s fiscal position, ownership, ore characteristics, reserves, recovery, environmental condition, licence, offtake, buyer, financing or transaction risk.