B2B Central

carbon tax

25 Feb 2022

Budget 2022: PwC analysis on VAT and indirect taxes

By Staff Writer

The government did not announce any increase in the VAT rate. The proposed amendments affecting VAT are largely technical in nature.
09 Apr 2020

Manufacturing is at the forefront of 12L Tax Incentive’s energy savings and tax rebates

By Staff Writer

The 12L Tax Incentive (Section 12L), has delivered more than 24 Terawatt-hours (TWh) in energy savings which equates to a total gross rebate of R19 9 billion to South African taxpayers since November 2013, says the South African National Energy Development Institute. Energy efficiency The figures also show a total reduction of 24.479 megatons of...
07 Jun 2019

All you need to know about the Carbon Tax Bill

By Staff Writer

One the 1st of June 2019, South African President Cyril Ramaphosa signed the Carbon Tax Bill. The contentious SA Carbon Tax Bill was passed in parliament on 19 February this year, following an almost decade-long debate and consultation process. It was first put on the table in 2010 with the Carbon Tax Discussion Paper, which...
20 Feb 2019

BUDGET 2019 - OUTA: A new fuel tax without clarity is unacceptable

By Janice Roberts

The Organisation Undoing Tax Abuse is concerned that government has introduced a new tax on fuel (referred to as a carbon tax) at 9 cents per litre on petrol and 10 cents per litre on diesel which comes into effect on 5 June 2019. This new tax will impact on individuals and the transport industry,...
09 Nov 2017

Timber Construction: Finance, Carbon Tax And The Green Economy

By Staff Writer

A timber frame structure, be it a primary residence, a holiday home, or an extension of an existing dwelling, is a substantial investment. As such, most people, barring a fortunate few, will need financial backing to have their timber frame dream realised. How, then, does bonding a timber structure differ from other construction types, is...
17 Feb 2016

What we expect from Budget 2016

By Janice Roberts

The first question I always encounter when discussing budget previews is: Will we pay more tax?  The answer is a definite ‘yes’.  PWC says there has been a rapid slow down in revenue collections since the Medium-Term Budget Policy Statement (MTBPS) was presented in October last year.