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 process emissions, and a carbon offsets allowance of 5 to 10 per cent per cent, depending on sector.
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South Africa’s carbon tax: Aim to ensure zero waste to landfilloxide 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. <span>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 process emissions, and a carbon offsets allowance of 5 to 10 per cent per cent, depending on sector. To reduce their tax burden, the companies can increasingly work towards investing in renewable energy, cool carbon projects and biogas digesters, and reducing waste to landfill, he sugg Summary
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