The Carbon Tax Bill provides for the imposition of a tax on the
CO2 equivalent of greenhouse gas emissions and also amends the
Customs and Excise Act to make provision for the administration and
collection of carbon tax revenues as an environmental levy.
In the 2019 Budget Speech the Minister of Finance announced that
Carbon Tax is scheduled to come into effect on 1 June 2019. On 29
March 2019 the Carbon Tax Bill [B46B-2018] was adopted and
submitted to the President of the Republic of South Africa for
assent by Parliament. To date the Carbon Tax Bill has not been
signed into an Act of Parliament by the President.
The Carbon Tax Bill provides for the imposition of a tax on the
carbon dioxide (CO2) equivalent of greenhouse gas emissions. The
Carbon Tax Bill also amends the Customs and Excise Act, 1964 (Act
No. 91 of 1964) so as to make provision for the administration and
collection of carbon tax revenues as an environmental levy. In
summary, the main features of the
