In H1 2020, return of taxes and payments to the National Fund amounted to just over KZT 1 trillion, down 33.3% compared to the same value in 2019, LS reports.
Over six months, companies engaged in the oil sector paid a corporate income tax amounting to KZT 372 billion.
The excess profit tax totaled KZT 96.1 billion over six months, and bonuses from the oil organizations reached KZT 1.4 billion.
These companies also paid the mineral extraction tax totaling KZT 164.8 billion and the rent tax on export crude oil amounting to KZT 119 billion to the National Fund.
In H1, Kazakhstan's share in production sharing under concluded contracts from organizations operating in the oil sector amounted to KZT 265 billion.
Also, the national bank received additional payments from subsoil users (KZT 25 billion) and other fines (KZT 2.7 billion).
In January-March 2020, Belarus; GDP amounted to 99.7% in comparable prices as against January-March 2019. Although Belarus' GDP gradually began to win back the January fall in February-March of this year, the index is nevertheless decreasing.
This conclusion is contained in the review "Economy of Belarus in February-March 2020" prepared by the experts of the research company InComeIn.
An example of many countries struggling with the coronavirus epidemic shows that the introduction of quarantine can not only stop the spread of the epidemic but also prevent serious economic consequences for the country and the population. The likelihood that enterprises in Belarus will not be able to partially or fully carry out their activities due to the coronavirus epidemic only increases.
According to the Department of Statistics of the Eurasian Economic Committee (EEC), the GDP of the Eurasian Economic Union (EAEU) countries grew by 1.4% in comparable prices over the past year. All main kinds of activities demonstrated growth. Passenger transportation, agriculture, and manufacturing showed the greatest growth.