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Thread: VAT panel recommends zero-rating on additional items

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    Default VAT panel recommends zero-rating on additional items

    VAT panel recommends zero-rating on additional items

    CAPE TOWN - The panel on value-added tax (VAT) has submitted its report and recommended that white bread, flour, school uniforms, nappies and sanitary towels should be made zero-rated items, the finance ministry said on Friday.

    "The panel further recommends that government should expedite the provision of free sanitary products to the poor and that the zero-rating of school uniforms be done only if they can be separated from general clothing," National Treasury said.

    It added that, for each of the recommended items, the panel suggested that the treasury did further investigations to "ensure that the benefits of zero-rating accrue to consumers and are not captured by producers".

    The panel was appointed by the finance ministry after VAT was increased from 14 to 15 percent in April, after it was announced in the national budget tabled in February with a view to putting an additional R22.9 billion into the state's coffers in the 2018/19 financial year.
    More at: https://www.iol.co.za/news/south-afr...items-16495018
    My views are not cast in stone

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    Sports Addict Wall's Avatar
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    Doesn't help me in the slightest
    You'll Never Walk Alone

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    Make droe wors, biltong, and castle lite zero rated you idiots.
    Ho$h Ja

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    Producers and resellers will take advantage of this obviously.
    Yeah whatever mate

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    They just gonna shift it to something else.
    "Man-made device, you’ve haunted me, cold and disfigured, corrupted, diseased, mechanical cradle, synthetic embrace, you’re a dying machine"

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    white bread, flour, school uniforms, nappies and sanitary towels should be made zero-rated items,
    If sanitary towels are on the list so should razor blades be.
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    Quote Originally Posted by lafrica View Post
    they (criminals ) are just trying to make a living .

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    Super Grandmaster ForceFate's Avatar
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    Quote Originally Posted by daveza View Post
    If sanitary towels are on the list so should razor blades be.
    Shaving is a choice...
    Yeah whatever mate

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    It also noted that though VAT could not be considered a regressive tax, in reality it cost poorer households a greater percentage of their income than richer households.
    Bummer..

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    I don't think a loaf of bread will be 15% cheaper.
    Don't argue with stupid people, especially for those with power.

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    sanitary towels should be on that list!!
    to live doesn't mean u are alive!

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    Quote Originally Posted by Lindiswa View Post
    sanitary towels should be on that list!!
    Have you even bothered reading more than two lines of the article?

    They are on that list.

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    Quote Originally Posted by ForceFate View Post
    Shaving is a choice...
    Not if you're in school it isn't.

    Sanitary towels, R20,00 per month - razor blades ?
    -
    Quote Originally Posted by lafrica View Post
    they (criminals ) are just trying to make a living .

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