Carbon Tax and Other Enviornmental Levies

Carbon Tax and Other Enviornmental Levies

What is carbon tax?

  • Carbon tax means a tax on the carbon dioxide (CO2) equivalent of greenhouse gas emission imposed in terms of section 2 of the Carbon Tax Act.
  • CO2 means the concentration of carbon dioxide that would cause the same amount of radiative forcing as a given mixture of carbon dioxide and other greenhouse gases.
  • Emission means the release of greenhouse gases and/or their precursors into the atmosphere, over a specified area and period of time.

Who is liable?

  • Any person who conducts a greenhouse gas emitting activity with the combined total capacity above the specified threshold for that activity.
  • Carbon tax system puts a price on carbon that will hopefully bring emissions down. The Carbon Tax Act came into effect on 1 June 2019 and compels carbon emitters to pay for the inclination of adding to the atmospheric load of human-caused greenhouse gas (GHG) emissions.

How can we help you?

  • Carbon Tax registration;
  • Determination of your Carbon Tax threshold;
  • Determination of your annual allowance; and
  • Determination of your liability and ensuring that your submission is made on time.