Treasury to investigate single-use plastics tax

In the 2019 Budget, National Treasury stated that “government will investigate a tax on single-use plastics including straws, caps, beverage cups and lids, and containers to curb their use and encourage recycling.”

This will come as part of the draft Environmental Fiscal Reform Policy Paper, which National Treasury says it will publish this year.

This paper will outline options to reform existing environmental taxes to broaden their coverage and strengthen price signals. The paper will also consider the role new taxes can play in addressing air pollution and climate change, promoting efficient water use, reducing waste and encouraging improvements in waste management, says Treasury.

It will also review the biodiversity tax incentive.

See the full budget here.

South African Minister of Finance, Tito Mboweni (right) delivered the 2019 budget speech in Parliament in Cape Town on Wednesday February 20. Image: sanews.gov.za

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s