Submit to Cabinet revised investment code with a view to streamlining exemptions.
Introduced at R3. Macroeconomic rationale: to improve revenue performance. At R5, Not met. Part of the revision has been done, construction imports for projects of US$ 1.8 million investment are now taxed at 10% from 5% since July 1, 2012. But the whole revision is still ongoing and is expected to be submitted to cabinet in January (2013).