Kazakhstan, Astana, Jan.22 / Trend , K. Konirova / KazMunayGaz (KMG) may lose $100 million in 2009, head of the national company Kairgeldi Kabildin said in Astana on Jan.22.
"The governmental order on transfer pricing was issued on Jan.1 as a result of which problems occurred in our foreign office "Trade House KazMunaiGaz" located in Switzerland," Kabildin said.
According to Kabildin, this firm was included in the list of projects from which taxes are not excluded.
"In this case we will lose incomes from oil transport which is a differential between the market price and terms of trader. In a year, the loss may make up about $100 million," head of the company said.
Moreover, the company would like to enlist support of the government in taxation, Kabildin said.
"According to the governmental order, KazMunayGaz acts as an authorized organization in PSAs. And now upon the new Tax Code, the taxation fall on incomes received as an authorized organization.
Kabildin considers that the government, in terms of the world crisis, should also offer support to oil companies concerning reduction of customs duty.
"The customs duty in Russia is reduced from $500 to $90 per ton. Besides, the government offers its support in terms of the crisis," Kabildin said.
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