Special Investigating Units and Special Tribunals Act, 1996
R 385
Carbon Tax Act, 2019 (Act No. 15 of 2019)Part II : Allowances8. Allowance for industrial process emissions |
| (1) | A taxpayer that conducts an activity in respect of industrial process emissions 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 10 per cent of the total greenhouse gas emissions in respect of a tax period in respect of that activity. |
[Section 8(2) substituted by section 95(1) of the Taxation Laws Amendment Act, 2019 (Act No. 34 of 2019), Notice No. 21, GG42951, dated 15 January 2020 - deemed to have come into operation 1 June 2019 (Section 95(2)]
