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News & Press: Opinion

Carbon Tax: Be Proactive

14 October 2013   (0 Comments)
Posted by: Author: Ingé Lamprecht (Moneywebtax)
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Author: Ingé Lamprecht (Moneywebtax)

Although there is still a lot of uncertainty surrounding the introduction of a local carbon tax, businesses already have to take steps to try and mitigate its impact.

According to a second policy paper published earlier this year, National Treasury is proposing that a carbon tax be levied on emissions from January 1, 2015 onwards.

While the proposed tax has been in the pipeline for some time, awareness levels, especially amongst smaller and medium businesses, have been less than satisfactory. 

Speaking to Moneyweb on the eve of the South African Institute of Chartered Accountant's (Saica) 2013 Tax Conference, Chaya Lakhani, partner: indirect tax at PwC, said South African businesses have a lot of regulation to contend with and their concern generally is more with what "is on their plate today".

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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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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