Review of the letter of tax authority on rate of MET for water

In detail:

The State Revenue Committee clarified that, for the purpose of applying the mineral extraction tax ("MET") rate at 0.003 MCI / cubic meter of extracted underground water in accordance with point 4.1 of the MET rates table, a taxpayer should simultaneously meet the following conditions of Article 748 of the Tax Code:

• Underground water should be produced by the subsurface user and be used by him during:
• extraction (including primary processing), and
• processing of other types of minerals.