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Carbon tax offsets explained

Under the Carbon Tax Act, domestic carbon offsets can be used to help carbon tax liable companies pay less carbon tax. And these savings can be considerable. Many companies, including the large emitters most impacted by the tax, are not aware…
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Carbon tax payment requirements for SARS

Your company’s installed capacity is above the allocated threshold for your industry which means that you have had to report your GHG emissions to, and register with, the Department of Environment, Forestry and Fisheries (DEFF) before 31 March…
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Paying less carbon tax = investing in carbon offsets

On 23 July 2020, the Department of Mineral Resources and Energy (DMRE) launched the Carbon Offset Administration System (COAS) which will allow carbon tax liable entities to further reduce their carbon tax through an additional tax relief mechanism…
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South Africa launches Carbon Offset Administration System

The implementation of the South African Carbon Tax has finally reached completion with the launch of the Carbon Offset Administration System (COAS). This follows the gazetting of the regulations on trade exposure and performance benchmarks one…
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Carbon Tax Payment Deadline Extended Due to COVID-19

President Cyril Ramaphosa, on Tuesday night,  announced a three-month delay in first carbon tax payments as part of an extensive set of financial measures worth R500 billion to help companies deal with the COVID-19 pandemic.  Where the…
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UN aviation body ditches older carbon credits from offsetting scheme

Article by GreenBiz  The global aviation industry has taken a key step forward in agreeing rules for carbon offset credits in its global greenhouse gas reduction scheme, as the sector reels from the economic fallout of the escalating coronavirus…
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Coronavirus Could Slow Efforts to Cut Airlines’ Greenhouse Gas Emissions

Article by The New York Times  The Coronavirus pandemic is pushing the global aviation idustry into financial crisis, complicating ongoing efforts to tame airlines' greenhouse gas emissions, which had been rapidly growing in recent years.…
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Carbon offsetting explained

What is carbon offsetting?  With increased consciousness around the climate change crisis, many businesses and individuals are doing their best to decrease their harmful environmental impact. While it is near impossible for anyone to reduce…
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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…