Carbons emissions tax nets R2.3bn

Finance Minister Pravin Gordhan says that R2.384bn has been collected since the imposition of the carbon emissions tax on 1 September 2010.

(Image: GCIS)

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 and from 1 April 2012 to 30 April 2012 R141.38m had been collected.

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

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

Source: I-Net Bridge

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