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NEWSFLASH: SARS CARBON TAX AUDITS FOR 2019 AND 2020 TAX YEARS OF ASSESSMENT

The South African Revenue Services (SARS) is starting audits on Carbon Tax in terms of Section 101 of the Customs and Excise Act. This is a new process for SARS, so it is vital that clients are aware of it.

The audits include an assessment of the carbon tax paid for the 2019 and 2020 tax year of assessments and require companies to provide relevant records and materials.

Documents that may be requested from companies include:
  • Carbon Tax return - DA180 Accounts with supporting annexures.
  • Supporting Documents in terms of Section 4(1) or Section 4(2) of the Carbon Tax Act.
  • Confirmation from the Department of Forestry, Fisheries and the Environment (DFFE) of submission and approval of South African GHG Emission Reporting System (SAGERS) submission.
  • Supporting documents for any allowances claimed.

Should you be contacted by SARS for an audit, please feel free to get in touch as we will be happy to assist in providing the required information to SARS. We can help in measuring emissions, performing Carbon Tax calculations and in compiling the necessary supporting evidence for the audit.

Contact:
Zelda Burchell
011 568 3340
082 410 0750
ZBurchell@cova-advisory.co.za