Draft Regulations on the Carbon Offset

The National Treasury has published the Draft Regulations on the Carbon Offset and is asking you to comment.

The Draft Regulations gives effect to the carbon offsets scheme under the carbon tax and is structured as follows:
▪ Definitions;
▪ Projects eligibility and non-eligibility criteria;
▪ Offset utilisation period;
▪ Designation of Administrator;
▪ Creation, maintenance and access to the offset registry;
▪ Procedure for claiming the offset allowance;
▪ Duties of the Administrator in facilitating taxpayer claiming the allowance;
▪ Requirements for extended letter of approval; and
▪ Content and retainment of certificate.

Find here: Media Statement
                  Draft Carbon Tax Bill: Draft Regulation made in terms of Clause 19(c) of the Draft Carbon Tax Bill
                  Medium Term Budget Policy Statement
                  Explanatory Note for Draft Carbon Tax Bill: Draft Regulations Made in terms of Clause 19(c) of the Draft Carbon Tax Bill

Comments can be emailed to [email protected] by no later than Friday, 14 December 2018.

Any clarification questions can be directed to Dr. Memory Machingambi, email: [email protected]