of May 28, 2005 No. NK-UM-5-16/4913
Concerning release from the VAT of turnovers on realization of exploration and geological and search works
The Tax Committee of the Ministry of Finance of the Republic of Kazakhstan reports the following.
According to article 230 of the Tax Code turnovers on realization of exploration and geological and search works are exempted from the VAT.
Exploration and geological and search works are understood as set of the works interconnected, applied in certain sequence providing search, investigation, assessment and preparation of fields (deposits) of hydrocarbonic and mineral raw material for development.
Release is applied to the exploration and geological and search works which are carried out by the taxpayer (the contractor, subcontractor) within:
1) the contract for subsurface use signed according to the legislation of the Republic of Kazakhstan: on work on investigation on subsoil plots (geological branches);
on work on the combined exploration and production on subsoil plots (geological branches) during investigation,
2) contracts on public procurements for works on implementation of the state geological studying of subsoil.
The list of specific types of exploration and geological and search works, and also separate types of the special works which are component of exploration and geological and search works, their amount and the cost shall be determined in the design estimates on each geological (scientific and geological) object, proceeding from research purpose and features of geological object, scientific and technical opportunities, geological and methodical requirements to production of exploration and geological and search works, requirements for protection of subsoil and the environment.
According to Item 3 of article 10 of the Tax Code of concept civil and other industries of the legislation of the Republic of Kazakhstan, used in the Tax code, are applied in that value in which they are used in these industries of the legislation if other is not provided by the Tax code.
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