Global Trade Alert
Global Trade Alert

South Africa: Trade Ministry provides tax breaks for Moxisign worth USD 24 million

Announcement

14 Aug 2013

In August 2013, the South African Minister of Trade signed a new tax allowance for Moxisign to manufacture API and API biological peptides. This deal falls under section 12I of South Africa's Income Tax Act.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Aug 2013

Revocation date:

No revocation date

Updated: 14 Aug 2013
Tax or social insurance relief In force

On 14 August 2013, the South African Minister of Trade signed a new deal that allowed for Moxisign R853,364,548 in tax breaks to be spent on investments and personnel training related to the manufa...

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