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Following on from the discussion of mine asset valuation in Part I (Espinoza and Rojo, 2017) of this two-part dissertation on sustainable mining, Part II discusses the inherent …
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You reverse any deductions that you have received over the life of the asset via the recoupment, and then the proceeds are reduced by the recoupment and the deductions are …
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Reforestation is a traditional remediation approach that limits the environmental impact of mining operations and brings biodiversity back into mining areas. Simultaneously mining for deposits while conducting the …
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The Board of Directors of Generation Mining Limited(the " Corporation") has adopted this policy on recoupment of incentive compensation (this " Clawback Policyto apply to awards governed …
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Introduce VAT on listed asset managers' fees and on proceeds of the sale of shares or membership in a company largely owning commercial ... Expand coverage of export levy to …
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If the claim is successful, the amount recovered will constitute a recoupment of capital allowances previously claimed (section 8(4)(a) of the Income Tax Act) and will be …
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acquisition of the asset, that is, the cash cost excludingfinance charges. The revaluation of an asset would, for example, have no effect on the value of the asset for purposes of determining …
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No allowance will be allowed onnon-qualifying assets. These assets are – • assets used by a person carrying on farming activities, which constitute assets contemplated in …
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The Zimbabwean tax regulations concerning income tax, allowable deductions, and exemptions are outlined with clarity Minister of Mines and Mining Development Hon …
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Unlike other businesses, recoupment for miners is not limited to previously granted capital allowances on the asset. However, there are exceptions to the full recoupment rule, such as …
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Movable assets and buildings Machinery and movable assets Expenditure is deductible in equal instalments over three consecutive tax years for the acquisition of vehicles, aircraft, seagoing …
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In this article, we reframe mining as a temporary land use. This approach positions post-mining land use as intrinsic to the mine lifecycle, including the planning and operational …
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inter-group disposals of assets take place at a net book value, as this may result in an under-estimation of the recoupment involved. The recoupment provisions also apply to buildings. …
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Valuation of Assets for Capital Gains Tax Purposes. Ordinarily the practice is to accept values of properties as declared by clients for Capital Gains Tax purposes. However, in certain …
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Taxation of Mining Operations in Zimbabwe taxation of mining operations miner is assessed in manner similar to that of trader which means the same rules of. ... Even in cases where an asset is disposed of Recoupment is calculated …
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In Zimbabwe, recoupment in mining is treated differently depending on the type of expenditure incurred. The tax treatment of recoupment is governed by the Income Tax Act. ... Capital …
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This paper examines the application of theoretical models for practical decisions to replace engineered assets deployed for mining operations. Although return on investment, net …
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asset. The treatment of trading stock converted to a capital asset is much clearer. Section 22(8)(b)(v) and (B) includes a recoupment of market value in income. Para 12(3) includes the …
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At some stage the assets have to be replaced with new, more efficient assets. Depreciation therefore is "a reduction in the value of an asset with the passage of time, due in particular to …
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Recoupment is not just about getting funds back but also about strategic financial planning and management. Effective recoupment strategies are essential for maintaining a healthy cash …
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Effective rehabilitation strategies for abandoned mines are crucial for achieving environmental sustainability. This involves not just the physical reclamation of landscapes but …
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SUMMARY. In tax legislation, a depreciation allowance is applied in three provisions and results in a reduction of taxable amounts. A depreciation allowance is calculated for the period an …
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replacement assets from the proceeds of the disposed asset Formula: [purchase price of each replacement asset/total purchase price of replacement assets] x recoupment of original asset SECTION 8(4)(EB) Replacement asset is a …
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"Mining operators now recognise that with the right approach, mines at the end of their operational life can become valuable assets that give back to the community, restore the …
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After studying this topic related to recoupment of capital asset allowances you should be able to: Define the term recoupment Use the basic recoupment formula Calculate the tax value of an …
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Profit on sale of assets; Suspense sales allowance granted in the previous year; Recoupment of capital allowances previously granted. Item 13 - Opening value of assets. Refers to the value …
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A payment is made for the use of Assets: B. A fixed payment for the use of Fixed Assets: C. Payment made by owners: D. ... In case f recoupment of shortworking, the lessee: Sol: A. Debits Shortworking Account ... Answer» A. Mining …
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assets are used for purposes of the taxpayer's trade: Machinery, vehicles,sea-going craft, aircraft, implements, utensils and articles (excluding mining capital expenditure): • A third of the …
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A hypothetical example taken from the mining literature is used to compare the DNPV method with net present value (NPV) and modern asset pricing (MAP) analysis, and …
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If my selling price for an asset is R 2,258,548, Cost is R 2,800,000 and the Tax Value is R 1,120,000. ... What will my recoupment and capital gain be? TaxTim Marc said: 7 …
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Section 36 of the Income Tax Act, No 58 of 1962 (Act) contains unique provisions which are onlyapplicable to mining operations, and which set out the manner in which …
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