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Call for comment: Draft interpretation note on mining operations

12 February 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

Call for comment: Draft interpretation note on whether certain quarrying operations constitute mining operations

SARS has issued a draft interpretation note on quarrying mining operations. This draft provides guidance on whether the extraditions of certain deposits from the earth constitute "mining operations" and "mining" for income tax purposes. These deposits include the following: clay, granite, gravel, limestone, rock, sand, slate and stone. 

The SAIT will be making submissions to SARS on this matter. Kindly submit comments to taxassist@thesait.org.za by no later than 27 April 2015.

Please click here to access the draft interpretation note.


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