DIG­GING DEEP

Business Day - Business Law and Tax Review - - BUSINESS LAW & TAX REVIEW -

taken diver­gent views.

The Deloitte re­port puts the mat­ter into the fol­low­ing con­text: With the global min­ing sec­tor as a whole com­ing to terms with re­duced com­mod­ity prices and di­min­ish­ing prospects in China, the dif­fi­cul­ties that may be im­posed by BEPS are both an un­wel­come dis­trac­tion and an ad­di­tional layer of un­cer­tainty for the fu­ture of the min­ing in­dus­try.

The BEPS pro­ject, once em­bed­ded into do­mes­tic tax regimes and through an over­lay­ing mul­ti­lat­eral in­stru­ment, is ex­pected to usher in the big­gest change to the in­ter­na­tional tax land­scape since the first model tax treaty was pub­lished by the OECD in 1963. Min­ing groups need to be ready for this.

Pic­ture: iSTOCK

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