Carbon tax book released as first filing season opens

07 October 2020 | Web Article Number: ME202020782

Accounting/Administration & Taxation
Environmental Management & Control
Green Industries & Renewable Energy

THE first period for filing of carbon tax returns opened on 1 October 2020, and will close on 29 October, at 3pm. During that limited timeframe, carbon taxpayers are required to file their initial tax returns, using SARS eFiling, and pay carbon tax liability for operating emissions of greenhouse gas between 1 June and 31 December 2019.

Submission of carbon tax returns and payment of carbon tax will become an annual event. However, the 2020 filing poses particular hurdles, warns Andrew Gilder, Director at environmental focussed law firm Climate Legal and co-author of the Concise Guide to Carbon Tax, who attributed this to the fact that SARS has continued to publish guidance and support material, essential for a proper completion of a carbon tax return, until as recently as 21 September 2020.

“Framing effective and efficient responses to the new carbon tax legal regime demands intimate knowledge of the complex interaction of three statutes, five sets of regulations, numerous rules and myriad calculation and reporting obligations – which are governed and administered according to the dictates of three different government departments,” said Gilder.

“It is understandable that carbon taxpayers are asking for assistance, and the Concise Guide is precisely the help that taxpayers have been seeking.”

By assembling and explaining the entire suite of relevant documentation, legal instruments, forms and practical processes the book, published by LexisNexis South Africa and released in print on 14 October and eBook on 05 October, aims to provide a single point-of-reference for the entire carbon tax legal regime, and equips taxpayers to manage their carbon tax compliance and payment obligations.

The other co-authors are Olivia Rumble, also a Director at Climate Legal, and Mansoor Parker, Tax Executive at ENSafrica.

To support the book’s release, the authors, hosted by LexisNexis, will provide clarity and guidance on a webinar tomorrow, 8 October from 2pm to 3.30pm. A panel discussion will take place, facilitated by Gina Downes, Chief Advisor: Environmental Economics at Eskom. To register click here.

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