On 02 July 2021, the South African Revenue Service (SARS) announced that its “Excise External Completion Manual DA 180, Annexures and Completion Notes” had been updated as a new sub-section has been inserted in Section 6 of the Carbon Tax Act to allow for the deduction of the Carbon Tax cost offset against the payable tax for refineries for petrol produced.
According to the Manual’s “Scope”:
(a) The manual will assist business entities that generate carbon emissions liable to Carbon Tax in South Africa.
(b) The business entity will find herein guidance to each field requirement as it appears on the DA 180
and its relevant annexure(s).
The External Manual is accessible at:
Story by: Riaan de Lange
