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Treasury invites comment on Itac metal export tax rates recommendations

By:  
Creamer Media Online Writer
 
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.
 
 
 
 
 

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