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
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