Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/12/2013

South Africa - Royalty determinations for coal mining companies 

November 12: The effects of a 2008 law, concerning the taxation of royalties, for coal mining companies in South Africa have been subject to substantial debate and legislative changes.

The law—Mineral Petroleum Resources Royalty Act No. 28 of 2008—is generally applied to the coal industry in South Africa and concerns the determinations of royalties and the taxation of royalties.


Proposed amendments would affect the methodology used by coal mining companies to determine their royalty liability for coal transferred on or after 1 March 2014.


Read a November 2013 report prepared by the KPMG member firm in South Africa: Royalty Act debate continues for coal mining companies




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