Global Trade Alert
Global Trade Alert

South Africa: Trade Ministry provides tax breaks for Air Liquide worth USD 14 million

Announcement

11 Nov 2014

In November 2014, the South African Minister of Trade signed a new tax allowance for Air Liquide to manufacture gaseous oxygen, nitrogen, liquid oxygen, argon and instrument air. This deal falls under section 12I of South Africa's Income Tax Act.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Nov 2014

Revocation date:

No revocation date

Announced: 11 Nov 2014
Tax or social insurance relief In force
On 11.11.2014 the South African Minister of Trade signed a new deal that allowed for Air Liquide R192,093,403 in tax breaks to be spent on investments and training related to the manufacture of Gaseou...
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