n Without Prejudice - Joining the Greenies tax wagon : tax
|Article Title||Joining the Greenies tax wagon : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Robert Gad and Virusha Fakir|
|Publication Date||Dec 2009|
|Pages||5 - 6|
South Africa has joined recent world wide efforts to reduce harmful greenhouse gas emissions. The Taxation Laws Amendment Act (17 of 2009) inserts s12K into the Income Tax Act (58 of 1962), which provides an incentive for companies that reduce their greenhouse gas emissions by exempting the sale of Certified Emissions Reductions from tax.
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