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  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/17/2012

South Africa - R&D tax incentives—new pre-approval process 

October 17:  The 2012 Draft Taxation Laws Amendment Bill (published in March 2012) changes the manner in which companies are to claim research and development (R&D) tax incentives in South Africa.

For a 10-year period beginning 1 October 2012, the full R&D tax deduction can be claimed only from the date when a pre- approval application form is filed with the Department of Science and Technology.


Thus, under these new rules, taxpayers could have claimed R&D tax incentives until 30 September 2012 without seeking prior approval.


Read an October 2012 report [PDF 526 KB] prepared by the KPMG member firm in South Africa: R&D Tax and Incentives: New Pre-Approval Process—Are Your Ready?




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