On 16 November the South African Revenue Service (SARS) released its “Excise External Policy Carbon Tax”.
The “SUMMARY OF MAIN POINTS” of the policy are:
a) The policy applies to licensees of emissions facilities that generate carbon emissions liable to Carbon
Tax (CBT) in South Africa (SA). (b) This policy does not cover: (b i) eAccount on eFiling for Excise as this is dealt with in document EA-01-M01; (b ii) SARS payment rules as this is dealt with in document GEN-PAYM-01-G01; (b iii) Declaration and Return submission via eFiling as this is dealt with in document SE-ACC-02-M02; (b iv) Submission of accounts / returns as this is dealt with in document SE-ACC-05; (b v) Licensing and Registration requirements as these are dealt with in document SE-LR-02; (b vi) Prescribed payment Rules as these are dealt with in document SE-PAY-02; and (b vii) The completion of the DA 180 and annexures – Environmental Levy account for Carbon Tax as this is dealt with in document SE-CBT-03-M01.
The “POLICY” Section of the External Policy are:
2.1 Implementation of the Carbon Tax; 2.2 Liability for levy; 2.3 Renewable energy premium; 2.4 Keeping of records; 2.5 Penalties; 2.6 Promotion of Administrative Justice Act; 2.7 Appeals against decision; 2.8 Processing of the Carbon Tax Account; 2.8.1 Licensing period; 2.8.2 Submission of accounts and payments; and 2.8.3 Calculation of amount of environmental levy payable
A copy of the External Policy is available on request.
Story by: Riaan de Lange