National Health Act, 2003
R 385
Carbon Tax Act, 2019 (Act No. 15 of 2019)Part II : Allowances12. Carbon budget allowance |
| (1) | Subject to subsection (2), a taxpayer that conducts an activity that is listed in Schedule 2 in the column "Activity/Sector", and participates in the carbon budget system from 1 January 2021 to 31 December 2025, must receive an additional allowance of five per cent of the total greenhouse gas emissions in respect of a tax period ending on or before 31 December 2025. |
| (2) | A taxpayer must only receive the allowance as contemplated in subsection (1) if the Department of Forestry, Fisheries and the Environment confirms in writing that that taxpayer is participating in the carbon budget system as referred to in subsection (1). |
[Section 12(1)(2) substituted by section 57(1)(b) of the Taxation Laws Amendment Act, 2026, Notice No. 7344, GG54448, dated 1 April 2026 - deemed to have come into operation on 1 January 2025 (section 57(2))]
