Zero-rating VAT plan is completely inadequate, civil society group says

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

South Africa Headlines News

The PMBEJD says zero-rated foods themselves are not affordable and households living on low incomes are highly exposed to VAT

New value-added tax exclusions have had no effect on the food baskets of struggling South African households, according to a civil society group.

PMBEJD said most of the VAT panel recommendations were dismissed. In 2018, finance minister Tito Mboweni announced that as of April 1 2019, the government would zero-rate sanitary pads, bread flour and cake flour. “It seemed to us that the Treasury’s response to mitigate the impact of VAT on poorer households by zero-rating a few more foods and nonfood items was not only based on several flawed assumptions on what people eat and how meals are put together but they had also missed the central point raised by civil society and trade unions [which is that] SA households are facing a massive food affordability crisis and require urgent government intervention.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

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.

Zero-rating VAT plan is completely inadequate, civil society group saysThe PMBEJD says zero-rated foods themselves are not affordable and households living on low incomes are highly exposed to VAT
Source: BDliveSA - 🏆 12. / 63 Read more »

Mboweni’s cake flour zero-VAT plan backfires on the poorThe zero-VAT rating had no effect on the food budget of the poor, who had to fork out more due to the increased VAT charged on other foods.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Gupta millions: Disciplinary hearing mooted for suspended SARS legal head over Gupta VAT refund - law firmSuspended South African Revenue Service head of legal, Refiloe Mokoena, should face disciplinary processes for her alleged involvement in the unlawful payment of VAT refunds claimed by the Guptas, a legal opinion has found. J_chabalala If Guptas were never Mzantsi citizens, they should refund every cent they ever got. J_chabalala I would rather see the home affairs and SARS officials who enabled the Guptas prosecuted. ..we need examples of a functioning judicial system otherwise it doesn't matter how much money we make or get back as it will continue to be stolen. J_chabalala Wow , that was so quick and efficient ! NOT !
Source: News24 - 🏆 4. / 80 Read more »

UDM wants corporate tax increased, VAT reducedThe leader says a UDM government would reduce VAT to 14%, and consider reducing it even further in future. But citizens voted for Zuma who ruined the economy,they must suffer the consequenses,its incorrect to punish the business.people must choose leaders wisely as they wil be the one to suffer.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

UDM demands increase in corporate tax, VAT reduced | IOL NewsA United Democratic Movement-led government will increase corporate tax by three percent, UDM leader Bantu Holomisa said. And I only know 3 leaders of UDmRevolution... Holomisa, NMB mayor (I don’t know his name) and that young guy (I don’t know his name) UDM had 14 seats in 1999, 09 seats in 2004, 04 seats in 2009 and 2014. In 2019 they expect to lead a government? sensible voice in parliament should get a vote from me
Source: IOL - 🏆 46. / 51 Read more »

Blackouts could slash 125k jobs, cut growth to zero: Reserve BankSA's power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the Reserve Bank said. Breaking the economy with power cuts proudly brought to you by the anc. Remember that when you decide who to vote for 8 May
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Business Maverick Op-Ed: Energy transition: Towards a zero-emission futureA low-cost shift to clean energy is now feasible for every region of the world, owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy, including transmission and storage, are now roughly on par with fossil fuels.
Source: dailymaverick - 🏆 3. / 84 Read more »

Durban shop's innovative way of achieving zero waste | Independent on SaturdayIf all the groceries in your cupboard are in containers that are refillable, all you need to do is take them to the shop when you need more. I like this!!!
Source: IOL - 🏆 46. / 51 Read more »

SA blackouts may cut growth close to zero, Reserve Bank saysSouth Africa’s power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the central bank said. Fin24 Great, thanks Eskom 👍🏽
Source: News24 - 🏆 4. / 80 Read more »

Blackouts could slash 125k jobs, cut growth to zero: Reserve BankSA's power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the Reserve Bank said.
Source: TimesLIVE - 🏆 28. / 59 Read more »

YouTube
Source: SABC News Online - 🏆 32. / 51 Read more »