Who is Affected by Carbon Tax Implementation?

Overview

The carbon tax rate will increase by the amount of the consumer price inflation (CPI) of the preceding tax period plus two per cent until 31 December 2022, and thereafter, only by CPI of the preceding tax period. The GHG emissions resulting from fuel combustion activities, industrial processes and fugitive emissions expressed as a carbon dioxide equivalent will be taxable. A person conducting an activity in South Africa resulting in GHG emissions equal to and/or above the thresholds as provided for in Schedule 2 of the Carbon Tax Act, will be subject to carbon tax.

This series of five webinars is aimed at addressing and unpacking the nuances of carbon tax and its interplay with environmental legislation, providing practical insight and an overview of the key provisions within the Carbon Tax Act, and exploring the impact that carbon tax act has on businesses. We look to compare carbon tax in South Africa against environmental levies implemented in other jurisdictions to understand the key successes and failures of carbon tax in South Africa. Finally, we aim to examine carbon taxes through a broader lens by examining the economic impact of its implementation and how carbon taxes will drive the focus on Environmental, Social and Governance (ESG) factors.

Part 1: Carbon Tax 101 – An Overview

18 January 2022 I Click here to read more

Part 2: Carbon Tax – Who is Ultimately Affected by its Implementation?

15 February 2022 

Part 3: Carbon and Environmental Tax: Budget 2022

23 March 2022 I Click here to read more

Part 4: Practical Considerations, Pitfalls, and Successes of the Carbon Tax Act

19 April 2022 I Click here to read more

Part 5: The future of Environmental Taxes, Economic Outlook, and the rise of ESG

17 May 2022 I Click here to read more

Click here to view the full series.

Webinar Content

Part 2: Carbon Tax – Who is Ultimately Affected by its Implementation?

15 February 2022

This webinar will deal with:

• Who are the supposed or intended targets?
  • Section 3: Persons subject to carbon tax.
  • Identification of activities undertaken by taxpayers in terms of Schedule 2 of the Carbon Tax Act.
  • Assigned thresholds under the Carbon Tax Act – what do they mean?
  • The meaning of a “person.”
  • The meaning of “conducting an activity.”
  • The linkage between “operational control.”
• Who is effectively affected?
  • Direct vs indirect impact of carbon tax.
  • Eskom and the Carbon Tax Act.
• How much tax is being generated?
  • A look into the amount of revenue generated by carbon tax.
• A delicate balance to be struck:
  • A forward-looking approach – the intricate play between fiscal and environmental legislation: The stick and/or the carrot.

Who should attend?

Tax practitioners, financial directors, financial managers, professionals engaged in the areas of carbon tax reporting and compliance.

Presenter

Jason Daniel

Tax Manager I Tax and Legal Services department, PwC South Africa

Jason holds a BCom (Law), LLB, LLM (International Commercial Law) and LLM (Tax Law). He is an Admitted Attorney of the High Court of South Africa as well as an accredited and registered carbon footprint analyst at the Institute of Environmental Management and Assessment (IEMA). Jason is also a committee member within the South African Institute of Chartered Accountants (SAICA) carbon tax sub-committee.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Investment

CPD subscribers: Free for all CPD subscribers.

Regular price: R495.00

SAIT member: R395.00

Group price (five attendees maximum): R950.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not been received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration if payment at that point in time has not been reflected on the Tax Faculty's bank account.
• Only written notice of cancellation will be recognised.
• Cancellation conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.