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Carbon Tax and Carbon Credits

Online Tax Filing Service

Carbon Tax Analysis

A draft carbon tax bill was published for comment in 2015 which may be effective from January 2019. Carbon tax is a levy charged as a penalty for the emission of greenhouse gases, caused by burning hydrocarbons. Many of the operations and activities within companies burn fossil fuels which generate carbon emissions and which will be liable for taxation.5Inc will calculate your carbon emissions and estimate your potential liability for carbon tax. This is a valuable exercise as it allows companies to reduce emissions before the Bill comes into effect, and to generate cost-savings through increased energy efficiency.

Carbon Offsetting

Carbon emissions can be offset by reductions in the carbon in the atmosphere. The Carbon Tax Bill allows consumers to offset their Carbon Tax liability through carbon credits generated by funding carbon reduction projects.

5Inc will facilitate the purchase of carbon credits or utilize a company’s Socio Economic Development target spend in carbon reduction programmes.