This was announced by finance minister Enoch Godongwana in parliament on Wednesday as he tabled his 2022/2023 budget.
"To support motorists and the economic recovery, no increases will be made to the general fuel levy on petrol and diesel for 2022/2023, providing tax relief of R3.5bn. There will be no increase in the RAF levy," said Godongwana in the budget documents he presented to parliament. Motorists pay a general fuel levy of R3.85 per litre of petrol and a RAF levy of R2.18 per litre for both petrol and diesel.But Godongwana is planning to hit those who consume vaping products in the pocket as he traditionally does with smokers.
After public consultation, government proposes to apply a flat rate excise duty rate of at least R2.90/ml to both nicotine and non-nicotine solutions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2022 | Fuel and RAF levies unchanged but booze & cigarette prices hikedThe National Treasury has resolved not to hike the general fuel levy and the Road Accident Fund levy for the first time in 31 years to cushion hard-pressed consumers from soaring petrol prices. Makes no difference because tax increased
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Budget 2022 | Fuel and RAF levies unchanged but booze & cigarette prices hikedThe National Treasury has resolved not to hike the general fuel levy and the Road Accident Fund levy for the first time in 31 years to cushion hard-pressed consumers from soaring petrol prices. Makes no difference because tax increased
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »