The “Davis Tax Commission” released its first interim report on mining taxation, and comments are due by 31 October 2015. The report is only provisional, and includes a review of the current mining tax regime in South Africa. The report focuses on traditional mining (including royalty taxes). It does not cover the oil and gas sectors (which will be the subject of a separate report, to be issued later).
Among the recommendations proposed in the report are the following:
The current royalty regime would be continued, and would not be replaced with any windfall or rent resource taxes.
Recommendations in a later version of the report are expected to concern the determination of the gross sales tax base.
Read a September 2015 report prepared by the KPMG member firm in South Africa: First Interim Report on Mining issued by the Davis Tax Committee (DTC)
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