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South Africa To Implement Environmental Levy On Tires

by Lorys Charalambous, Tax-News.com, Cyprus

09 October 2015


The South African Revenue Service has issued draft amendments to the tariffs and rules in the Customs and Excise Act for the introduction of an environmental levy on all tires.

South Africa generates an estimated 108m tonnes of waste each year, of which only 10 percent is recycled. In the 2015/16 Budget, the Government announced that environmental levies would be introduced to encourage recycling.

South Africa will begin by taxing tires, starting from April 1, 2016, at a rate of ZAR2.30 (USD0.17) per kilogram.

Revenues from the levy will be deposited into the National Revenue Fund. An allocation will be made available through the budget of the Department of Environmental Affairs for the recycling of waste tires and other waste streams.

Comments on the proposed amendments are requested by November 27, 2015.

TAGS: South Africa | environment | tax | fiscal policy | budget | environmental tax | tax authority | manufacturing | tax rates | Africa

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