Carbon Tax Act definition

Carbon Tax Act means an Act of Parliament that makes provision for a carbon tax;”.
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Carbon Tax Act. ’ means the Carbon Tax Act, 2019 (Act No. 15 of 2019);
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Carbon Tax Act means the Carbon Tax Act, No. 15 of 2019, published in the Borrower’s Government Gazette No.42483 of May 23, 2019, as amended as of the date of this Agreement.
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Examples of Carbon Tax Act in a sentence

  • The Carbon Tax Act similar to other tax legislation therefore defines the tax base in sections 4(1) and (2) of the Act.

  • One of the suggestions is that the NCV values in Schedule 1 of the Carbon Tax Act are based on Annexure A of the Technical Guidelines and that the proposed country specific NCV values of the South African Petroleum Industry Association (SAPIA) in Annexure D of the Technical Guidelines should be considered.

  • The methodology included in s4(2) of the Carbon Tax Act provides for a single NCV value for each activity.

  • Based on discussions with the DEFF, the National Treasury proposes that the NCV values for the fuels defined in Schedule 1 of the Carbon Tax Act should also include IPCC expected NCV values range.

  • It is noted that GHG emissions are reported to the DEFF therefore there is no need for the Carbon Tax Act to provide for the calculation of emissions.

  • The Contracting Party acknowledges that Exchange will be liable to pay the Carbon Tax applicable on each delivery, as that term is defined and interpreted in the Carbon Tax Act, of natural gas to the Contracting Party unless the Contracting Party has provided its Fuel Charge Exemption Certificate (“Certificate”) to Exchange and such Certificate is applicable to each delivery.

  • Under the Carbon Tax Act, No 15 of 2019 (“Carbon Tax Act”), which became effective on 1 June 2019, taxpayers will now qualify for a carbon offset allowance of up to a maximum of 10 per cent of its total greenhouse gas emissions under the Carbon Tax Act.

  • To avoid a double benefit scenario, where the same emissions reductions lead to both an income tax exemption under section 12K of the Act and a lower carbon tax liability for a taxpayer under the Carbon Tax Act, it is proposed that the tax exemption for certified emission reduction units from CDM projects is repealed to become effective from the date of introduction of the carbon tax.

  • Main references: Sections 1, 3, 4, 5, 7, 8, 9, 13 & Schedules 1 & 2 of the Carbon Tax Act: clauses 83 to 92 of the Draft TLAB) The President signed into law the Carbon Tax Act No 15 of 2019 on 22 May 2019 giving effect to the carbon tax from 1 June 2019.

  • The Carbon Tax Act is aligned with the requirements of the DEFF for GHG emissions reporting.


More Definitions of Carbon Tax Act

Carbon Tax Act means the Greenhouse Gas Pollution Pricing Act (Canada);
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Carbon Tax Act means the South African Carbon Tax Act, No. 15 of 2019.
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Related to Carbon Tax Act

  • Canadian Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • non-taxable territory means the territory which is outside the taxable territory;

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Tax Act means the Income Tax Act (Canada).

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Transaction Taxes has the meaning set forth in Section 6.01.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Canadian Taxes has the meaning specified in Section 1005.

  • United States Tax Person A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any State thereof or the District of Columbia, an estate whose income from sources without the United States is includible in gross income for United States federal income tax purposes regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States Tax Persons have the authority to control all substantial decisions of the trust, all within the meaning of Section 7701(a)(30) of the Code (or, to the extent provided in the applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as United States Tax Persons).

  • Other Connection Taxes means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Income Tax Returns mean all Tax Returns that relate to Income Taxes.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended; and

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.