In most cases, yes. However, it is advised that businesses should verify the current tax implications with the relevant tax authorities or their tax advisors.

With CarbonCred, your business can easily purchase one carbon offset plan that will help offset carbon emissions for one employee each month. For businesses that consume a lot of energy in the office and/or have employees that have long commutes, drive a lot for work, or travel by plane often, you might want to consider purchasing one additional plan for those employees to better offset their carbon emissions due to the amount of travel and additional carbon emissions the produce each month.

While each project is unique, independent entities like Verra and Gold Standard monitor all of them. The carbon offsets purchased on your behalf are registered with these companies. Individuals and companies will receive a tax invoice from the company, detailing their monthly contribution, the tons of carbon offsets acquired, and specifying the project to which they are contributing to.