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.