Resources On-Demand

Carbon Tax Series: Carbon Tax, Carbon Pricing and ESG: A Global Perspective (Part 5) - 2022

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

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

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Part 3: Carbon and Environmental Tax: Budget 2022

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

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Part 5: Carbon Tax, Carbon Pricing and ESG: A Global Perspective

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Webinar Content

Part 5: Carbon Tax, Carbon Pricing and ESG: A Global Perspective

In part five of the Carbon Tax series, Jason Daniel will focus on the differences between the South African carbon tax landscape and international green tax policy, including an emissions trading system, internal carbon pricing and carbon border adjustment mechanisms. Brief consideration will also be given to the link between tax and ESG as well as the task force on climate-related financial disclosures (TCFD) recommendations and the South African Green Finance Taxonomy.

• South African carbon tax landscape and carbon pricing global trends:
  • An emissions trading system (ETS).
  • Carbon tax.
  • A crediting mechanism.
  • Results-based climate finance.
  • Internal carbon pricing.
  • Carbon border adjustment mechanisms.   
• OECD – tax and the environment:
  • Taxing energy use: Using taxes for climate action.
  • Effective carbon rates: Pricing carbon emissions through taxes and emissions trading.
• The rise of ESG and the focus of the “T” in ESG – the link between tax and ESG.
  • Tax and environment.
  • Tax and governance.
  • Tax and social.
• TCFD.
• South African green finance taxonomy

Corporate Tax

Resolving Current Tax Issues for SMMEs – Legal Recorse for Errors and Returns

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0.02 Hour

R0.00

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Corporate Tax

TaxCafe Discussion Forum: Resolving Current Tax Issues for SMMEs – September 2022

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1.5 Hours

R495.00

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Corporate Tax

e@syFile: Employer Annual Reconciliation

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2 Hours

R195.00

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