Who is exempt from the Mineral Royalty?

Certain small Businesses are exempt from Mineral Royalty. The following conditions must be met on an annual basis:

  1. The gross sales of the extractor in respect of all mineral resources transferred do not exceed R10 million during the year.
  2. The Royalty in respect of all the mineral resources transferred that would be imposed on the extractor for that year does not exceed R100 000.
  3. The extractor is resident of South Africa.
  4. The extractor is registered for the year in terms of the Mineral and Petroleum Royalty Act.
Last Updated: 01/03/2013 1:49 PM     print this page
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