The Davis Tax Committee (DTC) has acceded to requests by a number of stakeholders to review the scope and design of the proposed carbon tax as part of its review of the South African tax system as a whole.
The Minister of Finance announced in his 2015 Budget Speech that a draft carbon tax bill is expected to be published for public comment during the course of 2015. This will be a culmination of discussion papers released by the National Treasury for comments in 2010, 2013 and 2014. These papers and further information on the carbon tax are available from the National Treasury.
SAIT will be making a submission to the DTC. Kindly submit all comments to firstname.lastname@example.org by no later than 5 May 2015.
Please click here to access the media statement from the DTC.
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.