Budget 2022 – CARBON TAX  INCREASE

25/02/2022

CARBON TAX  INCREASE

  • The carbon tax will be raised to $25 per tonne in 2024 and 2025 and $45 per tonne in 2026 and 2027, expecting to reach $50 to $80 per tonne by 2030.
  • The current tax of $5 per tonne of emissions will remain unchanged until 2023.
  • Large emitters in Singapore will from 2024 be able to buy international carbon credits to reduce the carbon tax they have to pay here.

Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!

#cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2022