IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Nov 2009 | Removal date: open ended
Still in force

Export tax

 A 15% export tax has been imposed on diamonds worth more than US$50,000. The tax took effect on December 28 2009. This is in addition to an increase in taxes on diamonds from 5% to 6.5% and an increase in taxes on gold and other minerals from 4% to 5%.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

163 Precious & semi-precious stones; natural abrasives; other minerals
7102 Diamonds, whether or not worked, but not mounted or set.
710221 Unworked or simply sawn, cleaved or bruted
710231 Unworked or simply sawn, cleaved or bruted

Please report this page in case you detect an inaccuracy in its content.