IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Nov 2010 | Removal date: open ended
Still in force

Tax or social insurance relief

The government on 8 November 2010 introduced a tax incentive to enhance productivity in the sector, improve upon investment and enhance skills. The incentive offers 900million Rand for new industrial projects which use new and unused manufacturing assets (Greenfield investments) and 500 million Rand for Brownfield projects which provide for expansion or upgrades of existing projects. The incentive is effective until 31 December 2015 and replaces the Strategic Industrial Projects (SIP) which was launched to attract private sector investment.
 
Among the criteria for firms to receive the tax relief is projects which create direct employment in the country, provide general business linkages within the country and acquire goods and services from small, medium and micro scale enterprises . The tobacco, alcoholic beverages, arms and ammunition sectors are exempt from the relief.

AFFECTED COUNTRIES

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