Adjusting 30-year-old ad valorem tax could save South Africans R35,000 or more on cars

[Hanno Labuschagne]

Adjusting 30-year-old ad valorem tax could save South Africans R35,000 or more on cars

South Africa's "luxury good" tax, which applies to cars over R250,000 and has remained unchanged for almost 30 years, is overly inflating vehicle prices.

This is according to Greg Cress, Africa Principal Director of Automotive and eMobility at Accenture, who believes that adjusting the ad valorem tax could greatly benefit South Africa's electric vehicle (EV) future.

 

[Jet-Fighter7700]

they will find another tax, cars are overinflated massively in SA.

 

[Gazg]

Taxed to s**t...........but yet "there is no money"

 

[PaulMurkin]

The ad-valorem tax is only part of the problem.
The greed of the stealerships is a bigger issue.