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Draft BGR on the meaning of “extract” in section 6A(1)(b) of the MPRD Act

30 November 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS has released a  Draft  Binding General Ruling (BGR) on the interpretation of the statement "condition in which that mineral resource was extracted”. This BGR provides clarity on the interpretation of the statement "condition in which that mineral resource was extracted” referred to in section 6A(1)(b) of the Mineral Petroleum Resources Development Act No. 28 of 2008.

Please click here to view ruling (27 November 2015).

Depending on the quality feedback received, SAIT will be making a submission to SARS.  Kindly submit all comments to taxassist@thesait.org.za by no later than 6 January 2016.


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