Corporate Tax
Carbon Tax Series: Carbon Tax 101 – An Overview (Part 1) - 2022
Duration: 2 hours
Price: R495.00
Title / Topic
Carbon Tax Series: Carbon Tax 101 – An Overview (Part 1) - 2022
Presenters : Jason Daniel
This session covered the following:
- What is carbon tax:
- The carbon tax landscape in South Africa.
- Reasons as to why carbon tax was introduced.
- The Carbon Tax Act framework.
- Phase 1 of carbon tax vs phase 2 of carbon tax.
- Who is considered a taxpayer under the Carbon Tax Act?
- Greenhouse gas emissions covered:
- The national environmental management: Air Quality Act.
- The national greenhouse gas emission reporting regulations.
- The technical guidelines for monitoring, reporting and verification of greenhouse gas emissions by industry.
- The linkage between the Carbon Tax Act and environmental legislation.
- Section 4 of the Carbon Tax Act: “The Tax Base.”
- Carbon tax calculation:
- Section 6 of the Carbon Tax Act.
- SARS DA180: Environmental levy accounts.
- Allowances:
- Basic tax-free allowance.
- Process emissions allowance.
- Fugitive emissions allowance.
- Trade exposure allowance.
- Performance allowance.
- Carbon budget allowance.
- Carbon offsets allowance.
- Compliance:
- SARS DA185: Registration and licensing requirements.