12b

South Africa has an abundance of natural resources, and with the right fiscal incentives for the production of renewable energy, we could become a key producer of renewable energy for the continent. The National Treasury has revisited the section 12B allowance as part of its initiatives to encourage investment in cleaner energy, but what does it actually mean? Here, Genergy unpacks the Act. How the allowance works Section 12B of the Income Tax Act (No. 58 of 1962), provides for a capital … [Read more...] about Understanding section 12B: renewable energy tax allowances