This tax is payable by electricity producers that are authorised –
- to sell electricity within mandatory procurement;
- to receive guaranteed fees for the capacity installed at their cogeneration or power plant.
The Subsidised Electricity Tax Act provides that a public trader who pays taxable income to a taxpayer in a tax period must withhold a 15%, 10% or 5% tax at source and remit it to the government within five days after that tax period ends.
