fact. Usushka-utruska: how the improvement of pipeline oil accounting brought the state budget 3.3 billion dollars of additional tax fees Note. We are talking about 92 thousand tons of oil flowed on the Kenkiyak-Kumkol oil pipelines, which made it possible to collect and recover about 3.3 billion dollars of corporate income tax and property tax. The work was carried out jointly by the Office of the Chief Prosecutor of the Republic of Kazakhstan, Kaz TransOil (KTO), Kazakhstan-China Pipilin and other government bodies. A recalculation mechanism became possible after the introduction of changes in the national standard ST RK 1474-2016 on the initiative of the World Health Organization, which changed the procedure for the owner of the main pipeline to receive excess oil resulting from the permitted metrological error of measuring devices during transportation, reports the National Society. Thus 92 thousand tons of crude oil were obtained, and the taxes were added to them. Similar work is currently being carried out at MN "Atasu - Alashankou". It is important to understand the nature of 92,000 tons. We are not talking about the discovery of new oil - these are volumes that rise as a result of gaps in measurements during transportation due to the permissible error of meter devices. The change in the standard makes it possible to determine the legal and accounting mechanism for placing such volumes on the pipeline company's balance sheet. After that, they become subject to the appropriate tax accounting. In fact, the regulatory gap has closed, which allows such volumes to be taken into account without fully reflecting them in the economic and tax cycle. Subscribe to the daily news of the oil and gas industry of Kazakhstan:.

fact. Usushka-utruska: how the improvement of pipeline oil accounting brought the state budget 3.3 billion dollars of additional tax fees Note. We are talking about 92 thousand tons of oil flowed on the Kenkiyak-Kumkol oil pipelines, which made it possible to collect and recover about 3.3 billion dollars of corporate income tax and property tax. The work was carried out jointly by the Office of the Chief Prosecutor of the Republic of Kazakhstan, Kaz TransOil (KTO), Kazakhstan-China Pipilin and other government bodies. A recalculation mechanism became possible after the introduction of changes in the national standard ST RK 1474-2016 on the initiative of the World Health Organization, which changed the procedure for the owner of the main pipeline to receive excess oil resulting from the permitted metrological error of measuring devices during transportation, reports the National Society. Thus 92 thousand tons of crude oil were obtained, and the taxes were added to them. Similar work is currently being carried out at MN "Atasu - Alashankou". It is important to understand the nature of 92,000 tons. We are not talking about the discovery of new oil - these are volumes that rise as a result of gaps in measurements during transportation due to the permissible error of meter devices. The change in the standard makes it possible to determine the legal and accounting mechanism for placing such volumes on the pipeline company's balance sheet. After that, they become subject to the appropriate tax accounting. In fact, the regulatory gap has closed, which allows such volumes to be taken into account without fully reflecting them in the economic and tax cycle. Subscribe to the daily news of the oil and gas industry of Kazakhstan:.