Module 10, Compliance, Tax and Royalties
A Partner Hand-off
Keep Books and Pay Tax with Moeletsi Africa
Royalties are paid on a base you have to be able to prove, and a tonne you cannot document is a tonne the revenue authority will value for you.
The Hand-off
Three Things, Specifically
The course teaches you what to ask for. This is what competent work on it looks like when it comes back.
| What You Should Walk Out With | |
|---|---|
| 1 | A set of books that reconciles to your weighbridge certificates and your settlement statements, so that the royalty you pay is the royalty you owe. |
| 2 | A tax position taken deliberately rather than discovered at year end, including the capital allowances on plant that most small operations never claim. |
| 3 | Clearance certificates, which you will need before a formal buyer or a bank will transact with you at all. |
Why It Is Handed Over at All
NDARAMA teaches the commercial side of mining. It does not file your returns, incorporate your company or sign off your accounts, and a school that pretended otherwise would be doing you harm. What it does is make sure that when you walk into Moeletsi Africa you already know what you are asking for, what it should cost and what a bad answer looks like.
That is the whole point of the hand-off. A client who understands the work is the client who gets it done properly.