1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Treasury invites comment on Itac metal export tax rates recommendations

By:  
Deputy Editor Online
 
METALS/LEGISLATIVE ENVIRONMENT
The National Treasury and the South African Revenue Service (Sars) have published, for public comment, the various draft taxation documents, including the proposed introduction of an export tax on scrap metals. This follows after Trade, Industry and Competition Minister Ebrahim Patel issued a trade policy directive to the International Trade Administration Commission of South Africa (Itac) to look into appropriate amendments to the price preference system (PPS) guidelines, which can help address the shortage of good quality scrap metals.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register