This is the version of this Act as it was from 10 December 2007 to 21 July 2008. Read the latest available version.
Taxonomies
- Subject areas > Business, Trade and Industry
- Subject areas > Energy and Natural Resources
- Subject areas > Environment, Climate and Wildlife
- Subject areas > Finance and Money
Related documents
- Is amended by Taxation Laws Amendment Act, 2008
- Is amended by Taxation Laws Amendment Act, 2009
- Is amended by Taxation Laws Amendment Act, 2018
- Is commenced by Diamond Export Levy (Administration) Act, 2007: Commencement
South Africa
Diamond Export Levy Act, 2007
Act 15 of 2007
- Published in Government Gazette 30558 on 10 December 2007
- Assented to on 2 December 2007
- Commenced on 1 November 2008 by Diamond Export Levy (Administration) Act, 2007: Commencement
- [This is the version of this document as it was from 10 December 2007 to 21 July 2008.]
Part I – Interpretation
1. Definitions
Part II – Basic levy regime
2. Charging provision
3. Rates
The levy applies at a 5 per cent rate.Part III – General relief measures
4. Import credit
5. Relief for temporary exports
Notwithstanding section 2(1), the levy does not apply to any unpolished diamond covered by a temporary exemption certificate described in section 64 of the Diamonds Act.6. Relief for election purchases
Notwithstanding section 2(1), any person that purchases an unpolished diamond at a diamond exchange and export centre in respect of which an election described in section 8(1) of the Administration Act applies is not subject to the levy in respect of that diamond if that person—Part IV – Producer and diamond beneficiator relief measures
7. Exemption for large producers
8. Exemption for medium producers
9. Exemption for small producers
Notwithstanding section 2(1), if during any assessment period—10. Exemption for diamond beneficiators
Notwithstanding section 2(1), if during any assessment period a diamond beneficiator holds a permit to export pursuant to section 26(h) of the Diamonds Act covering that entire assessment period, that diamond beneficiator is exempt in respect of its unpolished diamonds under the cover of a bill of entry for export delivered during that assessment period to the extent those unpolished diamonds were previously offered but not sold at a diamond exchange and export centre.11. Gross sales
12. Ministerial reduction
13. Acquisitions from State Diamond Trader
No exemption contemplated in this Chapter applies to any person in respect of any unpolished diamond that was acquired (directly or indirectly) from the State Diamond Trader unless that diamond is exported by a diamond beneficiator contemplated in section 10 or a person granted a permit to export pursuant to 26(h).Part V – Closing items
14. Transitional arrangements
15. Short title and commencement
This Act is called the Diamond Export Levy Act, 2007, and comes into operation on a date to be fixed by the Minister of Finance by proclamation in the Gazette.History of this document
17 January 2019
30 September 2009
01 November 2008
22 July 2008
10 December 2007 this version
02 December 2007
Assented to
Cited documents 3
Legislation 3
Documents citing this one 6
Gazette 6
- South Africa Government Gazette Regulation Gazette dated 2008-10-31 number 31560
- South Africa Government Gazette dated 2008-10-13 number 31512
- South Africa Government Gazette dated 2008-10-20 number 31525
- South Africa Government Gazette dated 2009-11-26 number 32724
- South Africa Government Gazette dated 2013-05-30 number 36509
- South Africa Government Gazette dated 2015-03-30 number 38653