Carbon Tax Updates

​​On Friday, 29 March 2019 the National Council of Provinces (NCOP) adopted the Carbon Tax Bill (the Bill) in its last sitting ahead of the national elections.  This wraps up the Parliamentary process.  The Bill will now be referred to the President. 

The President may assent to and sign the Bill in which case South Africa's long-awaited carbon tax will be brought into effect on 1 June 2019, as expected.  There is an off-chance that the President will not assent to the Bill and may refer the Bill back to Parliament. 

​Although we expect that the President will assent to the Bill, it must be appreciated that the proposed carbon tax is contentious and this may weigh heavily on the President in the lead-up to the elections.  We will continue to monitor the progress of the Bill and update clients on any developments in the legislative process.  

A summary of the Bill in its current form is available here.​

Disclaimer

These materials are provided for general information purposes only and do not constitute legal or other professional advice. While every effort is made to update the information regularly and to offer the most current, correct and accurate information, we accept no liability or responsibility whatsoever if any information is, for whatever reason, incorrect, inaccurate or dated. We accept no responsibility for any loss or damage, whether direct, indirect or consequential, which may arise from access to or reliance on the information contained herein.


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Webber Wentzel > News > Carbon Tax Updates
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