“The initial marginal carbon tax rate will be South African Rand (R)120 per tonne of CO2e (carbon dioxide equivalent). With the below thresholds in mind, the effective tax rate is much lower and ranges between R6 and R48 per tonne,” Lourens said, adding the bill will be implemented in stages.
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South Africa’s carbon tax: Aim to ensure zero waste to landfillrbon tax is an attempt to mitigate this consumer behaviour and reduce high greenhouse gas emissions while stimulating investor appetite for low carbon alternatives,” Lourens said, in a release. <span>“The initial marginal carbon tax rate will be South African Rand (R)120 per tonne of CO2e (carbon dioxide equivalent). With the below thresholds in mind, the effective tax rate is much lower and ranges between R6 and R48 per tonne,” Lourens said, adding the bill will be implemented in stages. To help businesses transition and adopt low carbon alternatives, the country has come up with various tax-free allowances including an additional allowance of up to 10 per cent for proc Summary
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