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Income Tax Act, 1962 (Act No. 58 of 1962)


Regulations in terms of section 12L of the Income Tax Act, 1962, on the allowance for energy efficiency savings

7. Concurrent benefits


For the purposes of section 12L(4) of the Income Tax Act any credit, allowance, grant, cost recovery agreement or other similar benefit granted by or through—

(a) any sphere of government;
(b) any public entity that is listed in Schedule 2 or 3 to the Public Finance Management Act, 1999 (Act No. 1 of 1999); or
(c) any power purchase agreement as defined in Electricity Regulations on New Generation Capacity made by the Minister of Energy under section 35(4) of the Electricity Regulation Act, 2006 (Act No. 4 of 2006) published by Government Notice 721 of 5 August 2009 in respect of the IPP bid programme as defined in those regulations,

for any energy efficiency savings or the sale and purchase of electricy constitutes a concurrent benefit.


[Regulation (7) substituted by regulation 3 of Notice No. R. 186, GG 38541, dated 6 March 2015]