Intellectual Property Rights from Publicly Financed Research and
R 385
Carbon Tax Act, 2019 (Act No. 15 of 2019)Part III : Limitation of allowance14. Limitation of sum of allowances |
A taxpayer, other than a taxpayer in respect of which the maximum total allowance stipulated Schedule 2 constitutes 100 per cent, must only receive the sum of the allowances contemplated in Part II in respect of a tax period to the extent that the sum of those allowances does not exceed 95 per cent of the total greenhouse gas emissions of that taxpayer in respect of that tax period as determined in terms of the column "Maximum total allowances %" in Schedule 2.
