All data is delayed
See More

Carbon emissions tax nets R2.3bn

Jul 03 2012 15:09
I-Net Bridge

Cape Town - Finance Minister Pravin Gordhan says that R2.384bn has been collected since the imposition of the carbon emissions tax in September 2010.

In a written reply to a parliamentary question from Democratic Alliance MP Darryl Worth‚ Gordhan said that for the period 1 September 2010 to 31 March 2011 R625.89m had been collected; from 1 April 2011 to 31 March 2012 R1.617bn was collected, while from 1 April 2012 to 30 April 2012 R141.38m had been collected.

The tax is imposed on carbon dioxide emissions above 120g per kilometre (g/km) at R75 per g/km for passenger vehicles; and‚ for double cabs‚ at R100 per g/km for carbon dioxide emissions above 175 g/km.

Gordhan said the revenue from the vehicle tax forms part of the national revenue fund‚ which is the government’s general revenue fund and not earmarked for specific expenditure programmes.




Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote