On taxes and other obligatory payments to the budget (Tax Code)

Article 715. The order for calculation

1. The tax base for calculating the export rent tax on crude oil and crude oil products is the value of exported crude oil and crude oil products calculated on the basis of the volume of crude oil and crude oil products actually exported for sale and the world price calculated in accordance with the procedure specified in paragraph 3 of Article 741 of this Code. In this case, the world price of crude oil and crude oil products is determined on the basis of the world price of crude oil.

To determine the world price of crude oil for calculating the export rent tax, the units of measurement are converted from a barrel to a metric ton on the basis of a weighted average ton-to-barrel conversion factor using the following formula:

К av.barr. = (V1 х К barr.1 + V2 х К barr.2... + Vn х К barr.n)/V tot.sale, where:

К av. bar. - weighted average ton-to-barrel conversion factor calculated to within four decimal places;

V1, V2, ... Vn - the volumes of each batch of crude oil and crude oil products sold for export for a taxable period;

К barr.1, К barr.2 ... + Кbarr.n – barrelation coefficients specified in the quality certificate of each relevant batch, registered using the readings of the meter of a delivery and acceptance point of crude oil and crude oil products of a transport organization, at the beginning of the export route in the territory of the Republic of Kazakhstan. In this case, barrelation coefficients shall be set with account of actual density and temperature of exported crude oil and crude oil products, adjusted to standard measurement conditions in accordance with the national standard approved by the authorized agency for standartization;

n - the number of batches of crude oil and crude oil products sold for export in a taxable period;

V tot.sale - total volume of crude oil and crude oil products sold for export for a taxable period.

2. By the decision of the Government of the Republic of Kazakhstan, the monetary form of payment of the export rent tax on crude oil and gas condensate may be replaced by payment in kind, in accordance with the procedure established in an additional agreement concluded between the authorized state body and a taxpayer.

The procedure for payment of the export rent tax on crude oil, gas condensate in kind is established by Article 773 of this Code.

Footnote. Article 715 as amended by the Law of the Republic of Kazakhstan dated 05.10.2018 No. 184-VI (shall be enforced upon expiry of ten calendar days after its first official publication); dated 10.12.2020 No. 382-VI (shall come into effect from 01.01.2021).