The application to renew carbon tax licences must be submitted to the South African Revenue Service (SARS) before 30 November 2021 to avoid penalties and/or interest with respect to late submissions. Any changes to company profiles must be registered with SARS before renewal applications are submitted.
The valid period for licences for registered customs and excise manufacturing warehouses is from the effective date of issuance until 31 December 2021, and thereafter 31 December of the following year. Under the Customs and Excise Act, No. 91 of 1964, all carbon tax licence holders are required to renew their carbon tax licence 30 days before expiry. Therefore, the application for renewal must be submitted to SARS before 30 November 2021.
Source KPMG
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