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22/2/18 (Ernst & Young) – In the 2018 Budget Speech, presented on 21 February 2018, South Africa’s Minister of Finance announced that the Carbon Tax Bill is expected to be enacted before the end of 2018. This means that Government proposes to implement the Carbon Tax from 1 January 2019 to meet its nationally determined contributions under the 2015 Paris Agreement of the United Nations Framework Convention on Climate Change.

National Treasury published the Second Draft Carbon Tax Bill in December 2017, inviting written comments to be submitted by close of business on 9 March 2018.