Posts tagged as tax

Managing and operating solar assets: Five key considerations

PV was supposed to be like any other energy source: You invest in the infrastructure and then it pretty much runs itself from thereon. But US solar asset owners have found that is not the case. The landscape for PV operations keeps changing. This article discusses five trends which could have a material impact on […]

Invitation to attend SANEA’s Carbon Tax Colloquium

The South African National Energy Association (SANEA) extends an invitation to attend its Carbon Tax Colloquium which is to be held at Johannesburg’s Glenhove events hub from 07h00 to 15h30 on Thursday 19 September 2019. On the 1 June 2019 the Carbon Tax Act came into law. This was a huge step as it represents […]

Little-known tax incentives boost business case for renewable energy

South Africa’s government, energy regulator and Eskom have often been criticised for obstructing the introduction of distributed, small-scale embedded generation (SSEG) which would help businesses to cut costs and ensure the stability of their power supply during load shedding. But, in fact, there are significant and far-sighted tax breaks put in place by National Treasury […]

Carbon tax: The next steps – practical implementation and mitigating actions

Carbon tax came into effect on 1 June 2019 as part of the government’s drive to reduce carbon emissions and comply with its promises and commitments on climate change. Phase 1 of the tax sees carbon emissions taxed at a rate of R120/t of CO2e (carbon dioxide equivalent), and with the various allowances considered, the […]

Section 12J: The secret to a more competitive tariff

Section 12J of the Income Tax Act was introduced by Treasury to encourage South Africans to invest in the local economy. This incentive is centred around the formation of a Section 12J Venture Capital Company (“Section 12J company”) which generally invests (similarly to private equity funds) into specific asset classes, be it, renewable energy, hospitality, […]

Changes to Section 12L of the Income Tax Act

  Nhlanhla Nene, the minister of finance, has announced amendments to regulations 6 and 7 of the energy efficiency tax incentive regulations which were published by Government Notice number R.971 of 9 December 2013. These regulations form part of section 12L of the Income Tax Act of 1962. The amendment to regulation 6 deletes the […]

Electricity levy to increase by 57%

  Nhlanhla Nene, the minister of finance, in his budget speech on 25 February 2015, said that he proposes a number of tax measures to promote energy efficiency, which will be discussed further with industry, the electricity regulator, Eskom and other interested parties. The first proposal is a temporary increase in the electricity levy, from […]

The rise of the carbon management accountant

  Delivering the SANEA lecture at the Sasol auditorium in Rosebank, Johannesburg on 14 October 2014, Dr. Marco Lotz, Nedbank’s sustainability carbon specialist, described the trading of carbon as being unique, saying that while trade usually involves the purchase or selling of an asset of some type, carbon trading is the purchasing of someone else’s […]