Tag: Carbon Tax Act
What does a new laptop cost the environment?
When you hear the word ‘carbon emissions’, images of towering chimneys at coal-fired plants, endless motor vehicles on the highway, and large-scale manufacturing facilities may come to mind. But have you ever considered the environmental impact of your company laptop? Research shows that 3.7% of carbon emissions, also known as global greenhouse gas emissions (GHG), are caused by digital technologies.
Are businesses ready for the new carbon tax payment deadline?
The COVID-19 pandemic and subsequent lockdown saw a number of measures implemented to provide financial relief to South African individuals as well as businesses. One such measure was the deferment of the Carbon Tax deadline from the end of July 2020 to the end of October 2020 for Phase 1 contributors.
It’s no longer business as usual with new Carbon Tax Act
It’s a sobering thought, but South Africans have a serious climate change problem. As the world’s 14th largest emitter of carbon dioxide, we have a massive role to play in responding to climate change, and a duty to the planet to shift to a lower-carbon economy. As a signatory to the 2015 Paris Accord, United Nations member countries agreed to hasten their transition to a low-carbon future.
FEATURE | Greening our Economy
A Green Economy can be defined as a system of economic activities related to the production, distribution and consumption of goods and services that result in improved human well-being over the long term, while not exposing future generations to significant environmental risks or ecological scarcities.
Carbon tax changes to customs and excise laws
On 22 May 2019, the President assented to the Carbon Tax Act, 15 of 2019 (Carbon Tax Act), effective from 1 June 2019. The Carbon Tax Act has been implemented as part of South Africa's commitments under the Paris Agreement as a means to reduce greenhouse gas emissions and the challenges of climate change.
Navigating the carbon tax laws
The Carbon Tax Act 15 of 2019 (Carbon Tax Act), the Customs and Excise Act 91 of 1964 (Customs Act) and the Customs and Excise Amendment Act 13 of 2019 (Customs Amendment Act) pose numerous uncertainties on the road to implementation of carbon tax. We have mapped out below a pathway to assist taxpayers in navigating the complex statutes regulating carbon tax.
