• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 8/12/2013

South Africa - Changes concerning mining, mineral resources 

August 12: South Africa’s recently released Taxation Laws Amendment Act includes changes that would amend certain provisions of the Mineral and Petroleum Royalty Act, 2008 (Royalty Act).

Changes are proposed concerning how to interpret certain schedules of the Royalty Act with reference to unrefined mineral resources.

The proposed amendments:

  • Are aimed at a range of minerals—and coal specifically
  • Seek to clarify how mineral resources, with a specified condition that falls within a range, would be treated for purposes of determining the gross sale

Read an August 2013 report prepared by the KPMG member firm in South Africa: Royalty Legislation – Mining Companies gain a degree of clarity

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