Mineral and Petroleum Resources Royalty (Administration) Act, 2008 (Act No. 29 of 2008)

Part III : Estimates, returns, payments, adjusted estimates, refunds and records

Purchase

(1)	In respect of a year of assessment a registered person must—

(a)	estimate the royalty payable;

(b)	submit a return of that estimate; and

(c)	make a first payment equal to one-half of the amount of the royalty so estimated,

not later than six months after the first day of that year of assessment.

(2)	In respect of a year of assessment a registered person must—

(a)	estimate the royalty payable;

(b)	submit a return of that estimate; and

(c)	make a second payment equal to the amount of the royalty so estimated less the amount paid as mentioned in subsection (1),

by the last day of that year of assessment.

[Subsection 5 substituted by section 35(1) of the Tax Administration Laws Amendment Act, 2016 (Act No. 16 of 2016)]