Minerals Yearbook (Volume III.- Area Reports International)Listed below are chapters from the Minerals Yearbook (Volume III.- Area Reports International). These annual reviews are designed to provide timely statistical data on mineral commodities in various countries. Each report includes sections on government policies and programs, environmental issues, trade and
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In addition, dividends paid to South African resident companies are exempt from dividends tax in terms of section 64F(1)(a) of the Act (provided there is compliance with certain formalities). This makes share buy-backs particularly attractive in circumstances where the disinvesting shareholder is a South African
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FRP Advisory Group, UK professional services firm specialising in restructuring advisory. Raising £80m (£20m primary). Expected market cap £190m. Compound annual growth of 16.4 per cent. in
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Jindal Steel and Power Ltd (JSPL) on Tuesday said it has started transportation of iron ore from its supplier's mines in Odisha. "Following the recent order by Supreme Court it has started transportation of already-processed and royalty-paid iron ore from its supplier's mines in district Keonjhar, Odisha," JSPL said in a filing to BSE.
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Aug 18, 2014 · This article highlights the key South African tax consequences of a Branch as opposed to those of a Subsidiary and considers some of the other key considerations, such as legal liability. Background. For the purpose of this article a subsidiary is a separately registered South African company in which a Foreign Company holds shares.
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Jun 24, 2019 · Coca-Cola South Africa has said the latest increase to the sugar tax in 2019 will lead to the loss of more than 1,000 employees. Related Research Saudi Arabia Sugar Tax Review And Future Implications, 16 May 2019. Revised Soda Forecasts From Sugar Tax, April 9 2018. Small Impact From Sugar Tax, Forecasts Revised Down, 2 May 2018
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Essentially income and capital gains will be taxable in the hands of a South African resident to the extent that the resident acquires a vested right to the income or capital of a foreign trust in circumstances where the income or capital gains have not been subjected to tax in South Africa previously.
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Income tax implication of buy back of shares and reduction of capital Broadly both reduction of capital and buy back of shares are only different forms of reorganization of the capital structure of the company. From both these events income can arise in the hands of the shareholder either as 'deemed dividend' or capital gains.
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But other African nations, including Angola and Ethiopia, are still seeking to use tax breaks to entice investment to their nascent mining sectors. Akufo-Addo said Africa needed mining investment
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On 28 November 2014, the Western Australian Government made changes to the manner by which iron ore royalties payable to the Government are calculated. These changes more clearly prescribe the scope of permissible deductions for export sales and require royalties on domestic sales to be paid on an equivalent basis to export sales. This will have important implications for all iron ore
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The South African landscape is filled with mine dumps bearing testament to South Africa's rich mining heritage. In laymen's terms the phrase 'mine dump' refers to an area where excess material
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[]Mining Taxation An Application to Mali Prepared by Saji Thomas1 Authorized for distribution by Brian Ames this paper estimates that the optimal royalty tax in Mali is about 3.5 percent. By Africa after South Africa and Ghana. When gold mining started in 1984, the mining sector
Get Price[]South African authorities have been silent on how bitcoin transactions should be taxed and even regulated. Research on this matter is relatively limited in South Africa. Studies are thus needed and are relevant to address the South African taxation implications of bitcoin
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The Gupta family is a wealthy Indian-born family, with business interests in South Africa, whose most notable members are the brothers Ajay, Atul, Rajesh "Tony" Gupta as well as Atul Gupta's nephews Varun, and US-based Ashish and Amol. The Gupta family owns a business empire spanning computer equipment, media and mining, and has been the focus of widespread scrutiny because of its close
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TAXATION OF PARTNERSHIPS. Article by listed Attorney Nanika Prinsloo. A Partnership is not a legal entity and, because the definition of a person in the Income Tax Act does not include a person, a Partnership is therefore not registered for income tax purposes. Since everybody in South Africa must be registered for taxes, how then, does it work?
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[]Document Classification KPMG Confidential South Africa Fiscal Guide 2017/18 1 Income tax Business income Tax is levied on a residence basis in terms of the Income Tax Act No 58 of 1962 ("the Act"). South African residents are taxed on their worldwide income. Non-residents are taxed on their South African-sourced
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The company was founded in 2005 and has been involved in the exploration of Manganese in the Kalahari Basin, Northern Cape. Our mine lies on the stretch of three farms on which we hold new order mining rights and are believed to overlay in excess of 960 million tons of manganese ore.
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South Africa accounts over 80% of known global reserves of the PGMs. The Merensky Reef, stretching from southern Zimbabwe through to the Rustenburg and Pretoria regions, is the centre of platinum mining in South Africa, playing host to companies such as Rustenburg Platinum Mines and Bafokeng Rasimone Platinum Mines. Palladium
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Apr 16, 2015 · What are the tax implications of withdrawing my South African annuities? Ask an expert A reader now living in the UK wants to take lump sums from his South African annuities
Get Price[]A Perspective on the South African Mining Industry in the 21st Century An independent report prepared for the Chamber of Mines of South Africa by the Graduate School of Business of the University of Cape Town in association with Genesis Analytics. The bulk of the work was completed in February 2000. August 2000
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Sep 13, 2018 · THE South African mining industry cannot continue to " stick its head in the sand" about a proposed tax on carbon emissions because there will be legislation on greenhouse gas emissions brought into effect from 2020. That was the warning issued by Garyn Rapson, partner environmental and natural resources at legal firm Webber Wentzel, in []
Get Price"Following the recent order by Supreme Court it has started transportation of already-processed and royalty-paid iron ore from its supplier's mines in district Keonjhar, Odisha," JSPL said in a
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Mining; Rio Tinto boosts tax dispute war chest. The miner has set aside another big lump of cash in case it loses its transfer pricing battle with the Australian Taxation Office.
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In South Africa, mining royalties are currently capped at 5% for refined mineral resources and 7% for unrefined mineral resources, but there is no guarantee that they will remain so. However, mining companies can 'peg' the maximum royalty rate payable on the extraction on mineral resources by concluding fiscal stability agreements with the state.
Get Price[]The research report will discuss the issues faced with structuring a South African group of companies in the most tax efficient way by using the corporate rollover relief provisions contained in the Act. The research will address the income tax, capital gains tax, value-added tax and other tax consequences that may arise with restructuring a
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[]Policy implications 43 4. Mining in Africa managing the impacts 45 Mineral revenue and tax instruments 92 x MINERALS AND AFRICA'S DEVELOPMENT!e International Study Group Report on Africa's Mineral Regimes GATS General Agreement in Trade in Services
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[]PUTTING SOUTH AFRICA FIRST SOUTH FACTS ABOUT AFRICAN August 2013 MINING The mining sector remains the "flywheel" of the South African economy The mining industry has played a key role in South Africa's economic development for over 140 years, which has transformed South Africa into the most industrialised country in Africa. The industry
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South Africa's new Income Tax rates for 2017/18 How much more you'll pay for alcohol and cigarettes thanks to tax hikes in South Africa Next article R1.9 billion for government broadband
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[]THE SOUTH AFRICAN LEGISLATIVE FRAMEWORK FOR MINE CLOSURE Elize Swart Department Minerals and Energy, Private 8ag X59, Pretoria, 0001 ABSTRACT The purpose of this paper is to provide an overview of the current legislative framework for mine closure within South Africa
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The Commission of Inquiry into Certain Aspects of the Tax Structure of South Africa (Katz Commission) is currently considering mining taxation and the taxation of mineral rights. In due course the Commission's findings should be considered in conjunction with the broad objectives of minerals and mining
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[]to the total income tax and royalty payments received by the South African government from the mining sector over the last 5 years.(1)(3) (Source 2013 Tax Statistics- A joint publication between National Treasury and the South African Revenue Service) R48bn Taxes and royalties paid to the South African government as a result of Anglo American
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Have you been awarded money or property as a result of a lawsuit or legal settlement? There may be some tax issues you need to know about. Whether any damages award or settlement you receive is taxable depends on the nature of your case and why you received payment.
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