Energy Efficiency Tax Incentive increased from 45c to 95c per kWh

Following the recently promulgated Taxation Laws Amendment Act, Act No. 25 of 2015, the Section 12L energy efficiency tax incentive has been amended and improved to increase the amount of the (measured and verified) deduction from 45c to 95 cents per kilowatt hour or kilowatt hour equivalent of energy saved. Furthermore, the increased rate is deemed to have come into operation on 1 March 2015 and applies in respect of years of assessment commencing on or after that date. (Source: SANEDI)

9 Jan 2016