South Africa Case Law

Armgold/Harmony Freegold Joint Venture (Pty) Ltd v Commissioner for the South African Revenue Services (703/2011)

Armgold/Harmony Freegold Joint Venture (Pty) Ltd v Commissioner for the South African Revenue Services (703/2011) [2012] ZASCA 152; 2013 (1) SA 353 (SCA); [2013] 1 All SA 253 (SCA); 74 SATC 351 (1 October 2012)

Court

Supreme Court of Appeal

Case number

703/2011

Judges

Navsa, Cloete, Heher, Leach, Pillay

The Supreme Court of Appeal held that mining capital expenditure deductions are limited by the Act’s general and mine-specific caps, and dismissed the appeal.

• Mining Capital Expenditure
• Income Tax Act 58 Of 1962
• Deduction Of Assessed Losses
• Ring Fencing Of Mining Operations
• Taxable Income Calculation
• Income-tax