Carbon Tax Compliance

The South African Carbon Tax Act came into effect in June 2019, placing a price on greenhouse gas emissions to incentivise businesses to reduce their carbon footprint and invest in cleaner technologies.

How Carbon Tax Affects Your Business

Any business whose operations result in greenhouse gas emissions above the threshold is liable for carbon tax. This includes:

  • Fuel combustion for energy generation
  • Industrial processes
  • Fugitive emissions from equipment
  • Transportation activities

Our 4-Step Carbon Tax Compliance Approach

  1. Identify: We identify and quantify all your emissions sources using recognised methodologies aligned with the Carbon Tax Act and Greenhouse Gas (GHG) Reporting Regulations.
  2. Calculate: We accurately calculate your total GHG emissions and tax liability, including applicable allowances and offsets to reduce your tax burden.
  3. Report: We prepare and submit your Carbon Tax return to SARS in compliance with the Carbon Tax Act requirements.
  4. Reduce: We develop a tailored Greenhouse Gas Reduction Plan to systematically reduce your emissions and lower your long-term carbon tax liability.

Carbon Tax Cycle

Understanding the carbon tax cycle helps businesses plan effectively for compliance and reduction strategies. Contact us for a detailed consultation.