26 November 2014
From 08:30 until 16:30(registration from 08:00)
KPMG Johannesburg Crescent Auditorium
85 Empire Road
Online registration is closed.
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If your answer is YES to any of the above, then you should attend our KPMG
Basic Mining Tax Training and learn about these topics!
- Are you looking for an understanding of basic mining tax principles?
- Would you like to be able to complete a mining tax return?
- Do you want to feel confident in being able to prepare your CAPEX schedules?
- Are you unsure of the different tax forms required for mineral royalties?
- Do you want to be able to reconcile your mineral royalty calculation?
Download the agenda
will be covered include:
- Basics of Mining Tax including:
- Definition of 'mining' and ‘mining operations' as per
sec 1 of The Income Tax Act
- Mining vs non-mining/manufacturing
- S36(11) - Definitions of 'capital expenditure', 'capital
- Expenditure incurred', 'expenditure on shaft sinking'
- S15(a) & S36(7), (10) - capital expenditure and the
capital ring-fencing provisions
- S15(b) - prospecting expenditure
- Disposal of mining assets, including:
- Para(j) of the 'gross income' definition
- The requirement for an effective valuation
- Mine Closure & Rehabilitation Trusts
- Sec 11(a)
- Sec 37A and 37B
- Sec 23L limitations
- Insurance policies and alternative
- Specific Gold-mining tax issues
- How to practically complete a mining tax return including
manner of disclosing capex and prospecting
- Basics of Mineral Royalty Tax and how to complete
various MPR forms.
- Diesel Rebates – who is entitled to claim and who not?
- Overview of some basic VAT issues related to
prospecting and mining.
This event and successful completion of the online assessment will secure 8 hours verifiable output CPD points/units..
Including the following professional bodies: (AICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)
Cost: R2 500 (incl. VAT)
Payments & Cancellations
All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
- Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
- Only written notice of cancellation will be recognised.
- If the cancellation occurs more than 30 days prior to the event no cancellation fee will be charged.
- If the cancellation occurs less than 30 but more than 10 days prior to the event a 50% cancellation fee will apply.
- If the cancellation occurs less than 10 days prior to the event a 100% cancellation fee will apply.
- Delegates who book and fail to attend will be liable for the full event fee.
- SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.