Fiscal Policy FP 2018

To review downwards mining ground rental fees in retrospect from US$3000 to US$225 per hectare per annum

Budget Policy Statement 2018 December 7, 2017
Feb 2018

‘Fine-tune tax measures to incentivise investors’ February 13, 2018

The 2018 budget proposed a downward review of ground rental fees for diamonds in retrospect from $3 000 to $225 per hectare per annum. The ground rental fee applicable to diamond concessions is currently levied at $3 000 per hectare per annum, set with a view to discourage speculative holding of claims.