SARS FINALISE CARBON TAX LEGISLATION

After 10-years  of drafting SARS moves to a public consultation process to give effect to the ‘polluter-pays’ principle, The carbon tax aims to reduce local greenhouse gas emissions in a sustainable, cost-effective and affordable manner, by incentivising firms to adopt cleaner technologies. The process of preparing the Carbon Tax Bill commenced with the Carbon Tax Discussion Document in 2010, followed by the Carbon Tax Policy Paper in 2013, the Carbon Offsets Paper in 2014, the first Draft Carbon Tax Bill in 2015, the first Draft Regulation on Carbon
Offsets in 2016, and the second Draft Regulation on Carbon Offsets in 2018.

The Carbon Tax Project Sponsor is the Acting Chief: Customs and Excise, Mr. Beyers Theron and the Project Owner are the Group Executive: Customs and Excise Strategy and Legal Policy,  Mr. Coffet Lebepe.

The Carbon Tax will be administered by the Customs and Excise Division. The first phase of Carbon Tax implementation will be from 1 June 2019 to 31 December 2022, and the second phase from 2023 to 2030. The Registration and Licensing process is scheduled to commence for a period prior to submission of the first account which will become due in July 2020.

Carbon tax policy and administration 31 May 2019 (2)