https://newsletter-mw.creamermedia.com

Energy efficiency tax rebate increased to 95c/kWh

29th January 2016

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

An amendment to Section 12L of the recently promulgated Taxation Laws Amendment Act, which deals with the energy-efficiency tax incentive, has increased the amount of the deduction from 45c/kWh to 95c/kWh or kilowatt-hour-equivalent of energy saved.

The South African National Energy Development Institute noted last week that the increased rate was deemed to have come into effect on March 1, 2015, and would apply in respect of years of assessment starting on or after that date.

The tax incentive is available to any business, industry or mining entity that achieves measured and verified energy savings over a 12-month period. The allowance is deducted directly from the company or entity’s tax submission to the South African Revenue Service.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.104 0.176s - 103pq - 2rq
Subscribe Now