It’s here – Carbon Tax set to be implemented on June 1st, 2019

March 1, 2019Carbon Tax, News

“The sustainability challenge affects us all. Climate change is real… Carbon tax will come into effect from 1 June 2019” – Finance Minister Tito Mboweni     On Tuesday – 19th February 2019 – South Africa’s National Assembly passed the long-anticipated Carbon Tax Bill. This, in accordance with South Africa’s commitment under the Paris Agreement to reduce greenhouse … Read More

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