South Africa Publishes Guide on Tax Incentives for Generation of Electricity from Specified Sources of Renewable Energy

The South African Revenue Service (SARS) has published a Guide on the Allowances and Deductions Relating to Assets Used in the Generation of Electricity from Specified Sources of Renewable Energy. The guide provides general guidance on the tax incentives available for the generation of electricity from specified sources of renewable energy under section 12B(1)(h) and (i), the enhanced form of this deduction under section 12BA, and the deduction under section 12U for amounts actually incurred…