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Secure carbon offsets NOW and pay less carbon tax in June 2020

It has already been 4 months since the South African Carbon Tax was implemented on the 1st of June 2019. This has seriously caused businesses to start exploring options to reduce the subsequent tax liability. During the first phase (June…
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‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official

Article originally published on Mining News Weekly on 9 July. A leading National Treasury official has warned industry to prepare for a significant strengthening of South Africa’s carbon tax during the second phase of implementation, which…
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IETA welcomes SA Carbon Tax

Last month IETA welcomed the formal launch of South Africa’s carbon tax and offset law, the first such measure in Africa. See below the press release, released: The tax of R120 (US$8) per tonne of CO2 equivalent will be assessed on…
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Carbon Tax Bill Signed Into Law By Ramaphosa

This article was written by Climate Neutral Group on May 24 2019. After nearly a decade of negotiations, the Carbon Tax Act and the Customs and Excise Amendment Act were both officially gazetted on Thursday (23 May) and will come into effect…
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Carbon tax gets a muted welcome

Polluting Factory
Written by Tshegofatso Mathe, originally published on Daily Maverick on 15 Mar 2019 A carbon tax from June  1 this year will add 9c a litre to the petrol price and 10c to diesel. This comes on top of the recent hike of 74c a litre to cover…
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Are you ready for the Carbon Tax Bill?

Written by Beatrix Knopjes, originally published on Isometrix on February 27, 2019 On 21 February 2019, South African Finance Minister Tito Mboweni announced that the Carbon Tax Bill will come into effect on 1 June 2019. This announcement…
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How SA companies can use carbon offsets to pay less carbon tax

Written by Franz Rental, originally published on LinkedIn on February 20, 2019 Yesterday, 19 February, the National Assembly passed the long-awaited carbon tax bill, clearing a key hurdle in keeping the measure on track to enter into force…
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South Africa’s parliament approves long-awaited carbon tax bill

Written by Mike Szabo, originally published on Carbon Pulse on February 19, 2019 South Africa’s parliament on Tuesday approved the country’s long-awaited carbon tax bill, clearing a key hurdle in keeping the measure on track to enter…
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South African carbon tax bill heads for parliament vote after committee approval

Originally published on Carbon Pulse on February 5, 2019 A South African parliamentary committee on Tuesday approved the country’s carbon tax bill, moving the long-awaited levy a step closer to becoming law. The Finance Standing Committee…
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Carbon tax is coming, and corporates aren’t prepared

Landscape of power plant in distance at sunset
Written by Gcina Ntsaluba, originally published on Money Web on January 24, 2019 The worldwide trend is to be cleaner and greener, and a new tax is around the corner … and with business unprepared, the taxpayer will indirectly cough up. With…