Tax Regime

Kyrgyz Republic gold tax rates in effect from 1 July 2016

RoyaltyNon-tax**Fixed royalty totalPrice per 1 troy ounce in US$Revenue taxTOTAL
7% + revenue tax
FromTo
5%2%7%<13001%8%
5%2%7%1,3011,4003%10%
5%2%7%1,4011,5005%12%
5%2%7%1,5011,6007%14%
5%2%7%1,6011,7009%16%
5%2%7%1,7011,80011%18%
5%2%7%1,8011,90013%20%
5%2%7%1,9012,00014%21%
5%2%7%2,0012,10015%22%
5%2%7%2,1012,20016%23%
5%2%7%2,2012,30017%24%
5%2%7%2,3012,40018%25%
5%2%7%2,4012,50019%26%
5%2%7%≥2,50120%27%

**Non-tax is a payment to the local budget for infrastructure projects in the vicinity of the mine.

No restrictions on repatriation of capital or payment of dividends

100% Foreign ownership permitted

Mining is regulated by the State Committee for Energy, Industry, and Subsoil Management (SCEIS)