Possible tax break for solar?

[Arzy]

Seems like Kieswetter is hinting at some tax breaks on installations, guess we'll get confirmation in the budget speech at the end of the month.

It's no to a wealth tax and yes to tax breaks for home solar - Kieswetter https://www.news24.com/fin24/econom...tax-breaks-for-home-solar-kieswetter-20230207

 

[Grubscrew]

A R350 per month rebate if you go solar that you can collect at the post office once a month.

 

[Bliksis]

Should the result be less taxes on equipment required, be sure that the suppliers will fill that gap.

 

[Grubscrew]

Should the result be less taxes on equipment required, be sure that the suppliers will fill that gap.

Are there import duties on importing solar things?

 

[Bliksis]

Are there import duties on importing solar things?

Man, I know too little about that, but my general feeling is that with every bit that a supplier or vendor can score, they will.

Let me rather rephrase. Should this result in any saving, I hope it gets passed 100% to the consumer.

 

[lkswan747]

I may just put myself in sh*t just to get a tax rebate considering that I end up paying the bastardages every month despite the fact I am retired!

 

[RonSwanson]

Are there import duties on importing solar things?

Of course there are, why would there not be?

 

[RonSwanson]

A R350 per month rebate if you go solar that you can collect at the post office once a month.

And back-dated for at last the last two tax years.

 

[ScottulusMaximus]

Of course there are, why would there not be?

No there isn't

Only VAT, and that doesn't affect end customers as it's claimed back.

 

[Slowestclock]

Rebates for a section of the economy that can afford solar? Lies...

 

[gotaway]

No there isn't

Only VAT, and that doesn't affect end customers as it's claimed back.

Somebody pays the 15%
So those ‘somebody’ should get the rebate.
And not in a scammy, solar geyser steal the rwbate way please

 

[grok]

Did you see the Kiers etter begging not to join a tax revolt? It would hurt the most vulnerable lol..

Fukem, like they care about us when they burn and destroy infrastructure that we have to keep replacing..

 

[ScottulusMaximus]

Somebody pays the 15%
So those ‘somebody’ should get the rebate.
And not in a scammy, solar geyser steal the rwbate way please

That's not how VAT works at all.

 

[gotaway]

That's not how VAT works at all.

Explain please. Who eventually pays (eg cannot VAT claim back)?

 

[Pak Fa Fui]

Why, you are already saving on electric

 

[Mystic Twilight]

No there isn't

Only VAT, and that doesn't affect end customers as it's claimed back.

End users can't claim back vat, otherwise I have over thirty years of pick n pay and checkers grocery recipients that I want to claim back vat on, amongst other stuff bought.

 

[wingnut771]

How does gov get the VAT?

 

[ScottulusMaximus]

Explain please. Who eventually pays (eg cannot VAT claim back)?

End users can't claim back vat, otherwise I have over thirty years of pick n pay and checkers grocery recipients that I want to claim back vat on, amongst other stuff bought.

R100 000 solar import.

Customs VAT charged: R16 500
Company claims back: R16 500
Actual VAT paid: 0

Cost to customer: R100 000
VAT: 15 000
Total R115 000

If you want to remove customs VAT:

Customs VAT charged: R0
Company claims back: R0
Actual VAT paid: R0

Cost to customer: R100 000
VAT: 15 000
Total R115 000

Makes no difference if VAT is charged on an import to the end customer, and there are no duties applied to the big ticket items like panels, inverters and batteries.

If you're asking for VAT to be removed from solar that's never ever going to happen. The VAT free list is like 20 items and that's not changing.

 

[zeb]

How does gov get the VAT?

You have to declare it and pay it to SARS.

 

[zeb]

End users can't claim back vat

Are you VAT registered?