National Treasury issued a request for your comment on
the updated carbon tax policy paper Reducing greenhouse gas emissions and
facilitating the transition to a green economy before it proceeds with the
draft legislation to give effect to carbon taxes later this year for
implementation from 1 January 2015.
I do however have a trust issue regarding any new tax legislation. What guarantee does the "goose with the golden egg" have that these funds will be utilized in a correct way? Will we have another "plastic bag" dilemma?
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.