Friday, January 18, 2013

Energy R&D - 50% tax deduction - South Africa

South Africa's government is providing an incentive for increased research and development (R&D) spending in the energy and natural resources sector.

R&D incentives offered in South Africa include:

A "super" additional 50% tax deduction on eligible research and development expenses (based on a pre-approval system)
Eased restrictions on claiming such incentives for energy- related companies, provided for by new legislation, effective 1 October 2012

Read a December 2012 report prepared by the KPMG member firm in South Africa: R&D spend in the energy and natural resources sector

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