Statistics Act, 1999
R 385
Carbon Tax Act, 2019 (Act No. 15 of 2019)Part II : Allowances7. Basic tax-free allowance |
[Section 7 Heading substituted by section 94(1) of the Taxation Laws Amendment Act, 2019 (Act No. 34 of 2019), GG42951, dated 15 January 2020 - deemed to have come into operation 1 June 2019 (Section 94(2)]
| (1) | A taxpayer that conducts an activity that is listed in Schedule 2 in the column "Activity/Sector" must receive an allowance in respect of those emissions, determined in terms of subsection (2). |
| (2) | The percentage of the allowance referred to in subsection (1) must be calculated by matching the line in which the activity is contained in the column "Activity/Sector" with the corresponding line in the column 'Basic tax-free allowance %' in Schedule 2 of the total percentage of greenhouse gas emissions in respect of a tax period in respect of that activity. |
[Section 7 substituted by section 94(1) of the Taxation Laws Amendment Act, 2019 (Act No. 34 of 2019), GG42951, dated 15 January 2020 - deemed to have come into operation 1 June 2019 (Section 94(2)]
