Davis Tax Committee to review proposed carbon tax
As part of its review of the South African tax system, the Davis Tax Committee (DTC) would now also review the scope and design of the proposed carbon tax, following many stakeholder requests.
Led by Judge Dennis Davis, the DTC noted that, although not listed in its terms of reference, there was sufficient scope within the broader mandate of the committee to review the proposed carbon tax.
“It is clear that a carbon tax can play a role in achieving the transition to a low carbon economy and South Africa’s commitment to help in the international efforts to reduce greenhouse-gas emissions, as reflected in the National Climate Change Response White Paper and the National Development Plan,” the committee said in a statement.
Finance Minister Nhlanhla Nene had announced in his February budget speech that a draft Carbon Tax Bill was expected to be published for public comment during the course of this year.
This would be a culmination of discussion papers released by the National Treasury for comments in 2010, 2013 and 2014. These papers and further information on the carbon tax were available from Treasury.
“These commitments and aspirations should also take into account any possible negative economic and social impacts of the carbon tax over the short-term and, hence, the need for a smooth and gradual transition toward a low-carbon economy,” the committee added.
Government was proposing the implementation of a carbon tax of R120/t of carbon equivalent as from January 2016. The tax had initially been scheduled for implementation in January 2015, but was delayed by a year to allow for further consultation.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
