Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

CASPIAN

Max Petroleum Wins Appeal Over Tax Charges

UK-based independent exploration and production company Max Petroleum announced on 24 September that it has won an appeal to the Kazakh Supreme Court against a tax claim. The appeal reverses a ruling by Almatys Specialized Economic Court that upheld a decision by Kazakhstans Financial Police to fine the company several million dollars over a dispute over the timing of depreciation of the...