INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997- recoupment of mining assets ,, 20--Items included to reverse the effect of past deductions Subdivision 20-A--Insurance, indemnity or recoupment for deductible expenses 201 , Disposal of pre-1 July 2001 mining non-depreciating asset to associate 40289 , Balanc.Davis Tax Committee: First interim report on mining | - TaxTalk7 Sep 2015 , The Committee submitted the First Interim Report on Mining (Report) to the Minister on 1 July 2015, and it , which deals with recoupments relating to mining assets, with a view to bringing mining asset recoupments in line.



  • SCHEDULE 2 - Deduction For Capital Expenditure On Mines ,

    (c) where the operator receives any amount or property by way of compensation, recoupment or otherwise for any qualifying mining expenditure (being expenditure of a kind which does not produce a mining asset) incurred by him in,.

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  • Namibia Highlights 2011

    petroleum mining companies is 35% Non- mining income earned by mining companies is taxed at 35% Recoupment of mining assets is taxed at the mining tax rate The tax rate for registered manufacturers is 18% for a 10-year period,.

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  • Tax Bulletinpdf - BDO Zimbabwe

    31 Dec 2013 , immovable property and marketable securiti , Assessed losses, other than losses arising from mining , asset RECOUPMENT A taxable recoupment arises when the sale proceeds of an asset exceed the income tax,.

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  • INCOME TAX ASSESSMENT ACT 1997 - SECT 9951 Definitions

    Note: A CGT asset acquired before 20 September 1985 may be treated as having been acquired on or after that day: see, for example, Division , "active foreign business asset " of a company that is a foreign resident has the meaning given b.

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  • Wear and Tear allowances

    11 Nov 2009 , 422 Foundations or supporting structures on which assets are mounted or affixed to ,, 8 423 Moving costs ,, for income tax purposes and any further write-off or recoupment will depend on how the asset is dealt.

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  • RTF - Review of Business Taxation

    If the transaction does not involve any disposal of the underlying asset, the ATO treats as a recoupment of cost base so , The grant of a mining lease is generally negotiated between the Crown and the mining company, and results in a righ.

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  • October 26, 2009 - New CMS Recoupment Rules For Overpayments ,

    26 Oct 2009 , New regulations published by the Centers for Medicare & Medicaid Services (CMS) on September 16, 2009 prohibit the recoupment of an overpayment if a provider timely requests a redetermination or reconsideration of an,.

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  • Download Publication - PKF

    Mining companies are, in addition to their specific corporate rates of tax, subject to a , cost of the asset plus any additions, inflation allowance, direct selling expenses, bad debts and certain legal , Allowances are not subject to r.

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  • some implications of the new assistance formula for south , - saimm

    provided for in the Gold Mines Assistance Act, 1968, and certain consequential amendments to the , Excess recoupments of capital expenditure are not included , of the effective value of redeemable assets acquired by the mine on chang.

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  • International Tax 2010

    petroleum mining companies is 35% Non- mining income earned by mining companies is taxed at 35% Recoupment of mining assets is taxed at the mining tax rate The tax rate for registered manufacturers is 18% for a 10-year period,.

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  • AngloGold Ashanti

    Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 gold mining operations in 10 countries, as well as , Improve portfolio quality: we have a portfolio of assets that must be actively managed as we strive for a competiti.

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  • Wear and Tear allowances

    11 Nov 2009 , 422 Foundations or supporting structures on which assets are mounted or affixed to ,, 8 423 Moving costs ,, for income tax purposes and any further write-off or recoupment will depend on how the asset is dealt.

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  • Mining Tax Recommendations | Tax Services | Deloitte Southern Africa

    The removal of section 37 will mean that taxpayers will be able to base the recoupment of mining assets on the actual proceeds received as opposed the effective value determined by the DMR There will also no longer be delays in obtaining.

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  • MINERALS RESOURCE RENT TAX ACT 2012 (3, 2012)

    The valuation approach for a mining project interest Division 90--Declines in value of starting base assets 901 , Recoupment of the value of a starting base asset PART 3-6--TRANSFERRED PRE-MINING LOSS ALLOWANCES Division,.

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  • Permitting, Economic Value and Mining in the United States

    19 Jun 2015 , In early 2015, the National Mining Association commissioned SNL Metals & Mining to , investment is recouped (ie, the start of positive cumulative cash flow) , property was acquired from a Texas-based oil company.

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  • Read our update on Proposed amendments to MRRT - PwC Australia

    1 Sep 2012 , where an asset included in the starting base amount relating to an exploration permit or , of mining expenditure was adjusted, then the recoupment reflects the adjusted amount rather than the original amount of mining,.

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  • Mining Tax Recommendations | Tax Services | Deloitte Southern Africa

    The removal of section 37 will mean that taxpayers will be able to base the recoupment of mining assets on the actual proceeds received as opposed the effective value determined by the DMR There will also no longer be delays in obtaining.

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  • Tax accounting for insurance companies - 2012 - PwC

    1 Oct 2012 , assets Taxable temporary differences (items that will generate tax charges when they reverse) are tax , mined that a gross deferred tax asset cannot be realized, in , admissibility is tied to taxes available for recou.

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  • Namibia Highlights 2011

    petroleum mining companies is 35% Non- mining income earned by mining companies is taxed at 35% Recoupment of mining assets is taxed at the mining tax rate The tax rate for registered manufacturers is 18% for a 10-year period,.

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  • Davis Tax Committee: First Interim Report on Mining - Lexology

    3 Sep 2015 , The Committee submitted the First Interim Report on Mining (Report) to the Minister on 1 July 2015, and it , which deals with recoupments relating to mining assets, with a view to bringing mining asset recoupments in line.

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  • INCOME TAX ASSESSMENT ACT 1997 - SECT 2030 Tables of ,

    Tables of deductions for which recoupments are assessable (1) This table shows , 18 The former 25-80 upgrading assets to meet GST obligations etc , allowable capital expenditure relating to mining or quarrying 116 The former 330.

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  • ITF 12 - ZIMRA

    Income from Mining operations Income from Animal Husbandry Special Mining Lease Income from , Recoupment xx Depreciation xx Loss on sale of assets xx Legal fees xx Fines & penalties xx Private expenses xx Other Donations xx,.

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  • some implications of the new assistance formula for south , - saimm

    provided for in the Gold Mines Assistance Act, 1968, and certain consequential amendments to the , Excess recoupments of capital expenditure are not included , of the effective value of redeemable assets acquired by the mine on chang.

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  • Capital Redemption Allowance for Miners? | Zimbabwe Revenue ,

    10 Nov 2013 , The Capital Expenditure ranking for CRA (less any recoupment) is divided by the life of the mine calculated from , of replacing any capital asset that was being used in the mining operations subject to restrictions prescri.

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  • Namibian tax amendments - PKF Namibia

    d) Deemed source amounts with regards to the sale of a mineral license or the right to mine Amounts are deemed to be from a Namibian source e) Recoupment of allowances and deductions Assets are to be valued at market value in order.

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  • Chap010 - SlideShare

    5 Aug 2014 , Keyser Mining is considering a project that Chapter 10 - Making Capital Investment Decisions 91 , Bernie's Beverages purchased some fixed assets classified Chapter 10 - Making Capital Investment Decisions 64 , Whic.

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  • RTF - Review of Business Taxation

    If the transaction does not involve any disposal of the underlying asset, the ATO treats as a recoupment of cost base so , The grant of a mining lease is generally negotiated between the Crown and the mining company, and results in a righ.

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  • Consol sells Western Allegheny Energy mine and other assets ,

    5 days ago , Consol Energy Inc (NYSE: CNX) recouped $101 million by selling its share of an Indiana County mine and additional coal reserv In a press release Tuesday afternoon, the company announced it had sold its 49 percent,.

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  • GUIDE TO CAPITAL GAINS TAX

    the disposal of capital assets will be subject to CGT unless excluded by , trading stock and mining assets qualifying for an income tax deduction as , only applies to the capital gain or loss and not to any recoupment required in ter.

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  • DTC Mining Report (excl oil and gas) - The Davis Tax Committee

    1 Jul 2015 , Regulatory landscape and non-tax related challenges facing the mining industry , 22 III ECONOMICS AND , of section 37 with a view to bringing mining asset recoupments in line with the law applicable to non-mining.

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  • 65 Setoff and Recoupment in Bankruptcy - US Department of Justice

    4 Jun 2015 , Therefore, a creditor seeking to setoff or recoup a debt must establish a claim and a right to do so under state or federal law , 1995) (creditor's claim acquired through equitable subrogation satisfies mutuality with.

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  • Mining - LandWorks

    Mining companies have unique needs when it comes to managing land assets , support for royalty clauses that incorporate conditional payments such as advanced royalties, recoupments, wheelage payments and minimum payments,.

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  • Download Guide - PKF, Barcellos, Narine & Co

    Assets which attract Wear and Tear Allowances will be included at their Income Tax Valu , set off against future capital gains until fully recouped , There is a special regime for Gold and Diamond and Bauxite mining companies which.

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  • Goldcorp Inc - Unrivalled Assets - Mines & Projects - Canada & US ,

    Our Canadian cornerstone, amongst the world's richest gold min Located in one of the world's most prolific gold districts, Red Lake is one of Goldcorp's top producers, yielding 414,400 ounces in 2014 The High Grade Zone is t.

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