South African companies are making sound progress as they prepare for a new carbon tax, by improving energy efficiency and monitoring and reporting emission levels. However, the legacy effect of substantial coal-based infrastructure is hindering the transition to alternative, renewable energy sources, finds Catherine Lewis of KPMG.
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The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR
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