The update modifies the eligibility criteria for renewable energy projects under the carbon offset allowance.
The South African Revenue Service (SARS) has released an Explanatory Memorandum on 15 March 2025 outlining amendments to the Carbon Offset Regulations under section 19(c) of the Carbon Tax Act 15 of 2019.
The update modifies the eligibility criteria for renewable energy projects under the carbon offset allowance.
The amendments to the Regulations are retroactively applicable from 1 January 2024.
Earlier, the South African National Treasury updated the Carbon Offset Regulations under Section 19(c) of the Carbon Tax Act, 2019, on 14 March 2025.
