Page 257 - Juta's Indirect Tax

s 18
(a) (b)
MINERAL AND PETROLEUM RESOURCES ROYALTY ACT 28 OF 2008 Schedule 1
in respect of section 1, on 1 November 2009;
in respect of sections 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 15, 16 and 17, and Schedules 1 and 2, on 1 March 2010 and applies in respect of a mineral resource transferred on or after that date; and
(c) in respect of sections 13 and 14, on 1 November 2009 and applies in respect of a mineral resource transferred on or after 1 March 2010.
[Sub-s. (2) substituted by s. 102 (1) of Act 17 of 2009.]
Schedule 1
REFINED CONDITION OF MINERAL RESOURCES
[Schedule 1 amended by s. 136 (1) of Act 7 of 2010 and by s. 187 (1) of Act 31 of 2013 – date of commencement: 1 March 2014; this amendment applies iro any mineral resources transferred on or after that date.]
Mineral resource name
Re ned condition
Cobalt
Cobalt is re ned once processed into cobalt metal or cobalt sulphate, 99.5% re ned
Copper
Copper is re ned once processed into copper metal slabs, blister copper or cathode copper of 99.0% purity.
[Item amended by s. 187 (1) (a) of Act 31 of 2013 – date of commencement: 1 March 2014; this amendment applies iro any mineral resources transferred on or after that date.]
Germanium
99.99% re ned product
Gold
Re ned and smelted to a 99.5% purity
Lead
Lead is re ned once processed into bars and billets containing 99.0 % pure lead.
[Item amended by s. 187 (1) (b) of Act 31 of 2013 – date of commencement: 1 March 2014; this amendment applies iro any mineral resources transferred on or after that date.]
Lithium
99.5% LiCO3 in concentrate (lithium carbonate)
Mercury
99.9% purity
Nickel (Base metal)
Nickel is re ned once processed into a metal, or other form (eg ferro nickel, nickel metal or nickel sulphate). 99.5% purity
Platinum Group Metals
(iridium, palladium, platinum, rhodium, ruthenium and osmium)
Re ned and smelted to a 99.9% purity
Molybdenum
99.99% re ned product
Silicon
98.5% Si
Silver
Silver is re ned once processed to silver metal or silver nitrate. 99.5% re ned
Talc
98.5% and minus 325 μm mesh
Vanadium
Vanadium as chemically extracted and re ned to a purity of 10% V2O5 equivalent and above
[Item inserted by s. 136 (1) (a) and (b) of Act 7 of 2010 and amended by s. 187 (1) (c) of Act 31 of 2013 – date of commencement: 1 March 2014; this amendment applies iro any mineral resources transferred on or after that date.]
Zinc
Zinc is re ned once processed into zinc metal, plates or slabs containing 98.5% pure zinc.
[Item amended by s. 187 (1) (d) of Act 31 of 2013 – date of commencement: 1 March 2014; this amendment applies iro any mineral resources transferred on or after that date.]
Mineral resource name
Re ned condition
Oil and Gas
Oil
At inlet of re nery
Gas
At inlet of re nery
Juta’s IndIrect tax 2016 249
MINERAL AND PETROLEUM RESOURCES ROYALTY ACT