Carbon tax will not be implemented if not ready

Terence Creamer | 18th June 2013 | Engineering News

South Africa’s National Treasury is still aiming to institute a carbon tax on January 1, 2015, but chief director for economic and tax analysis Cecil Morden reports that government will only move ahead should it feel that the tax is ready for implementation.

Confronted at a National Business Initiative (NBI) workshop on Tuesday by a barrage of questions relating to what was described as insufficient detail in the latest Carbon Tax Policy Paper, released in May, Morden said that more clarity would be provided in draft legislation.

This draft legislation, which will also be published for public comment, should be published by the end of 2013 or in early 2014 and will take account of comments garnered from stakeholders. “So there is quite a long process still to go.” Continue reading

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