Announcement
03 May 2011
In May 2011, the South African Minister of Trade signed a new tax allowance for RNRF Ltd (Rainbow Nation Renewable Fuels) to manufacture soybean meal, biodiesel and glycerine. 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
03 May 2011
Revocation date:
No revocation date
Updated: 03 May 2011
Tax or social insurance relief
In force
On 3 May 2011, the South African Minister of Trade signed a new deal that allowed for RNRF Ltd (Rainbow Nation Renewable Fuels) R904,680,000 in tax breaks to be spent on investments and personnel t...
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