TaxCorporate TaxTax incentive boost for Oriel

Tax incentive boost for Oriel

Muzbel LLP, a subsidiary of Aim-listed miner Oriel, has been granted tax incentives in Kazakhstan

Oriel Resources has been boosted by news that its 90%-owned subsidiary,
Muzbel LLP, has been granted investment tax incentives by the Kazakhstan
government.

Muzbel, which holds an investment contract with the Kazakhstan government,
will receive a five-year exemption on property tax and land tax as well as an
accelerated five-year depreciation allowance for qualifying fixed assets.

The incentives will commence after Oriel’s operating plant in Kazakhstan is
commissioned.

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