- VAT compulsory registration threshold will increase from R1 million to R2.3 million, and voluntary threshold from R50,000 to R120,000, effective April 1, 2026.
- Carbon tax rate will rise by 30.51% from R236 to R308 per tonne of CO2e, effective January 1, 2026.
- Carbon fuel levy will increase to 19 cents/litre for petrol and 23 cents/litre for diesel, effective April 1, 2026.
- Carbon tax cost recovery quantum for liquid fuels will increase from 0.99c/litre to 1.29c/litre, effective January 1, 2026.
- Proposal to change the carbon tax threshold for certain commercial/institutional activities to 25,000 tonnes of CO2e emissions, effective January 1, 2026, along with other administrative amendments.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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