IGF Mining Policy Framework Assessment

The assessment identifies key strengths, weaknesses and gaps in the country’s mining laws and policies, as compared to the international best practices outlined in the MPF, which helps measure the readiness of the member state to implement the MPF through its existing government measures. [...] Building on the outcomes of this assessment process, the second phase of the project involves working with the participating state to develop a capacity-building and technical support program that addresses key weaknesses and gaps, in the hopes that these strengthened capacities and increased understandings can enhance national legislation and policies, thereby optimizing the contribution of the m [...] According to the Tax Code, the tax base for the one-time bonus tax is the amount of geological reserves and resources and the depth of drilling of water wells. [...] The government determines the rate of bonus based on the type and quality of mineral, the amount of ore reserves in case of development, and the size of the licence area in case of prospecting and exploration. [...] The Tax Code distinguishes foreign and domestic entities, and the Tax on Income of Foreign Organizations Paid by the Non-Residents not Related with the Permanent Basis in Kyrgyzstan is among the biggest revenue streams for the government from the mining companies (EITI, 2015).