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Kazakhstan plans to increase minerals extraction tax rate on metals

1 Jun 2022 16:39 reported by Stanley Wang

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Kazakhstan planned to increase the minerals extraction tax rate for exchange-traded metals by 50% and other commodities such as iron ore and chrome by 30%. The increased duty also involved cryptocurrency mining and tobacco products.

Kazakhstan is the leading country that exports the most copper and zinc, as well as the main producer of iron ore, alumina, chrome, gold, and silver.

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