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In its 2017 financial results announced on 21 August 2017, the chemical conglomerate agreed upon footing the R1.2bn tax liability. If the court's interpretation is implemented for the following two years – 2013 and 2014 – Sasol Oil's crude purchases could result in a further tax exposure of R11.6bn, thus summing up a total tax figure up to ...
Sasol: Oil & gas Exploration & production Sandton: 1950 Refining P A Shoprite: Consumer services Food retailers & wholesalers Brackenfell: 1979 Food retailer P A South African Breweries: Consumer goods Brewers Sandton: 1895 Brewery, part of Anheuser-Busch InBev (Belgium) P A South African Post Office: Industrials Delivery services Pretoria ...
Sasol Oil v Nationwide Poles 2006 (3) SA 400 (CAC). South African Airways (Pty) Ltd v Comair Ltd and Another 2012 (1) SA 20 (CAC). Stellenbosch Farmers' Winery Ltd v Distillers Corporation (SA) Ltd and Another 1962 (1) SA 458 (A). Shareholders' financial interests in a company. Thoroughbred Breeders' Association v Price Waterhouse 2001 (4) SA ...
Oil production is one of the most heavily subsidized businesses in America, with tax breaks available at almost every stage of the exploration and extraction process, according to an analysis by ...
Oil was the one major raw material not available in South Africa except synthetically from coal. This priority resource was therefore placed under a high degree of control by the government, which expected to meet 50% of its oil needs from the SASOL program. The South African Coal Oil and Gas Corporation was a state controlled company.
This is country specific for UK, it is a tax of 30%. A 'ring fence' prevents taxable profits from being reduced by losses that the oil company experiences from other activities. [9] Environment fees. According to Norwegian fiscal regime, a CO 2 tax is paid per volume liquids and gas burnt or emitted directly to air on the continental shelf. It ...
The initial installation (Sasol 1) was a pilot plant to refine oil from coal, due to the lack of petroleum reserves. The coal reserves of the country were and still are extensive. The political developments of the late 1960s and early 1970s (specifically the trade embargoes against the apartheid government) made the operation of the pilot plant ...
Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax ...