Carbon Tax update

February 12, 2018Carbon Tax

As part of South Africa’s ongoing efforts to move towards a low carbon economy and to meet South Africa’s INDC targets, National Treasury has proposed a tax on local carbon emissions. On 14 December 2017, the South African National Treasury published a second Draft Carbon Tax Bill for public comment. The new draft mostly retains … Read More

Carbon Tax – the latest

March 1, 2017Carbon Tax

During the annual Budget Speech, held on 22 February 2017, Pravin Gordhan announced that a revised Carbon Tax Bill will be published for public consultation and tabled in Parliament later in 2017. This suggests that carbon tax may come into play in early-2018. Carbon Tax will be administered as an environmental levy by SARS.  It … Read More