Cecil Kilpin | May 2019 Newsletter

By |2019-05-24T16:52:55+02:00May 24th, 2019|Accounting, Business, Finance + Economics, Goverment, Newsletter, Tax|

Carbon Tax – How does it affect your business? With the imminent introduction of Carbon Tax, it is important to know how this will affect your business. While your business may not be directly affected by the tax, your suppliers may well have to pass on additional costs incurred as a result of it. So, let’s explore who and what will be subject to the tax. Persons subject to tax: Liability for the tax arises for every entity that conducts an activity and emits GHG emissions above the threshold for the following activities: the Energy Sector (such as fuel combustion activities, petroleum refining, civil aviation, pipelines etc.). the Industrial Processes and Product Use Sector (such as cement production, lime production, Nitric acid production, ceramics, Refrigeration and Stationery Air Conditioning). the Agriculture, [...]