Starting in 2026, they will take on a more complex and differentiated rate structure, structured to vary based on production volumes and the price of natural uranium concentrate (U3O8).
For production volumes up to 500 metric tons, the rate will be 4 percent, increasing incrementally to a maximum of 18 percent for volumes exceeding 4,000 metric tons.
Additionally, if the price of U3O8 exceeds certain thresholds, an additional rate increase will apply, starting at 0.5 percent for prices above US$70 per pound and rising to a maximum of 2.5 percent for prices above US$110 per pound.
Meanwhile, Kazakhstan’s government stated the tax increase as part of broader economic reforms aimed at balancing the budget and redistributing wealth more equitably.
These changes come amid increased government spending in response to global economic pressures and the ongoing conflict in Ukraine.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Leave a Reply