- Flynote
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A company that excavates ground and digs up mineral-bearing ore for a fee on delivery to another entity that processes the ore, undertakes mining operations within the meaning of ss 1 and 15(a) of the Income Tax Act 58 of 1968. It is thus entitled to claim deductions of the full amount of capital expenditure on mining equipment in the tax year in which it is incurred, in terms of s 36(7C) of the Act.
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Cited documents 4
Judgment 3
Legislation 1
1. | Tax Administration Act, 2011 | 253 citations |
Documents citing this one 1
Judgment 1
1. | Golden Rewards 120 CC t/a Remax Marine v M3 Holdings (Pty) Ltd (D42/2019) [2024] ZAKZDHC 21 (10 May 2024) |