The object of this Bill is to amend the Mines and Minerals Development Act, 2015, so as to restructure the taxation of mineral royalty.

The object of this Bill is to amend the Property Transfer Tax Act so as to—

(a) reduce the property transfer rate on the transfer of a mining right for an exploration licence to five percent from ten percent;

(b) provide clarity on a share in the mining sector to include an interest in a mining right and an interest in a mineral processing licence;

(c) provide clarity on the realised value in respect of the com- putation of property transfer tax on an indirect transfer of shares as a proportion of the value of the company incorporated in the Republic;

The object of this is to amend the Customs and Excise Act so as to—

1. (a)  revise the rates of customs and excise duty payable on certain goods;
2. (b)  revise the list of goods to be subject to surtax at importation;
3. (c)  provide for the use of electronic fiscal device in the administrationof excise duty;
4. (d)  reduce customs duty on electric motor vehicles and cycles and;
5. (e)  provide for matters connected with, or incidental to, the foregoing.