Provisions for offsets in the 2019 carbon tax regulations have been amended for the second time. Gazetted on 3 March 2024, the amended sub-regulation 2.2 replaces one gazetted on 8 July 2021 with other changes to the original regulations. It is applicable retrospectively, from 1 June 2019.

Against that backdrop, 31 December 2025 is now the date by which an offset in respect of certain approved independent power producer programme projects should have been utilised to avoid being subject to tax under the Carbon Tax Act, 2019. The amendment also applies to renewable energy projects of a specific capacity. 

Published by SA Legal Academy Policy Watch

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