Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
19 May 2013
   
 
 
 
 
 
 
DOWNLOAD
What is the basic structure of the mining royalty regime in South Africa? - 96.3 KB
 

In South Africa the liability to pay mining royalties arises when mineral resources which have been extracted from within the Republic, are transferred. The 'transfer' of the mineral resources is the trigger for the imposition of the royalty. 'Transfer' is defined as the disposal of a mineral resource, or the consumption, theft, destruction, or loss of a mineral resource (other than by way of flaring or other liberation into the atmosphere during exploration or production) if that mineral resource has not previously been disposed of, consumed, stolen, destroyed or lost. Because mineral resources are often temporarily exported for refining, the temporary export of mineral resources is not regarded as a transfer.

Written by Betsie Strydom, Director in the Tax Practice of the Corporate Department of of Bowman Gilfillan

Edited by: Creamer Media Reporter
 
 
 
 
  Photos
 
 
 
 
 
 
 
  Map
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
  Related social media
 
Related social media terms:
 
 
 
 
 
 
 
 
 
  Topics on this page
 
 
 
Country
 
south africa
Person
 
betsie strydom
 
 
 
 
 
 
Online Publishers Association