Rates and Monetary Amounts Amendment Act, 2024

The text provided is not a court judgment but a published Act of Parliament assented to by the President and published in the Government Gazette on 24 December 2024. The Act amends Schedule No. 1 to the Customs and Excise Act 91 of 1964, specifically Part 2A of Schedule 1, and amends sections 5 and 6 of the Carbon Tax Act 15 of 2019. It increases the carbon tax rate from R159 to R190 per ton of carbon dioxide equivalent and changes the amount in section 6(3)(c) from 0.66 cents to 0.69 cents per litre. The Customs and Excise amendments are deemed to have come into operation on 21 February 2024, while the Carbon Tax Act amendments are deemed to have come into operation on 1 January 2024.

• No judicial legal issues can be identified because the text is legislation, not a judicial decision.
• What statutory amendments were enacted to the Customs and Excise Act 91 of 1964 and the Carbon Tax Act 15 of 2019?
• When do the enacted amendments come into operation, including their deemed retrospective commencement dates?

The Rates and Monetary Amounts Amendment Act, 2024 was enacted and published. Schedule No. 1 to the Customs and Excise Act, 1964, was amended as set out in Part I of the Schedule to the Act, deemed effective from 21 February 2024. Section 5(1) of the Carbon Tax Act, 2019, was amended to increase the carbon tax rate to R190 per ton of carbon dioxide equivalent, deemed effective from 1 January 2024. Section 6(3)(c) of the Carbon Tax Act, 2019, was amended to substitute 0.69 cents per litre for 0.66 cents per litre, also deemed effective from 1 January 2024.

Not available. There is no ratio decidendi because the text is not a judgment of a court and establishes no binding judicial principle. It is primary legislation enacted by Parliament.

Not available. There are no obiter dicta because the text is not a judicial opinion and contains no non-binding judicial observations.

The Act is significant as part of South Africa’s annual fiscal and revenue framework. It adjusts customs and excise duties and increases carbon tax-related rates, reflecting legislative implementation of taxation policy and environmental fiscal measures. In South African law, its importance lies in the amendment of existing taxing statutes through formal parliamentary process and the use of deemed retrospective commencement dates for revenue measures.