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The draft legislation to give effect to the two renewable energy tax incentives announced in the 2023 Budget Speech was published on 21 April 2023. These proposals carry a degree of urgency due to the proposed effective dates for implementation, to assist in partially addressing the country’s energy crisis and to enhance certainty for individuals and businesses whilst encouraging private investment in renewable energy. As a consequence of the severe energy crisis currently experienced by South Africa, and Eskom’s continued struggles to produce reliable electricity through the national grid, two renewable energy tax incentives to improve efficiency, lower the pressure on the grid and encourage greater investment in renewable energy, are proposed.

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South Africa , ,Eskom ,Income Tax Act ,Electrical Installation Regulations ,Income Tax ,Value Added Tax Act ,Explanatory Memorandum ,

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