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Engineering News reports that the independent panel established to review the current list of items that are zero-rated for value-added tax (VAT) has recommended that white bread, flour, cake flour, sanitary products, school uniforms and nappies should be included in the list of zero-rated items.
Finance Minister Nhlanhla Nene on Friday released the report compiled by the panel for public comment. He appointed the panel after the announcement in the February national budget of the increase in the VAT rate from 14% to 15% from 1 April. The public has until 31 August to submit comments. As part of its findings, the panel also recommended that government 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.
- Read this report in full at Engineering News
- Read too, Expert panel recommends white bread, school uniforms be zero VAT rated, at Fin24
Get other news reports at the SA Labour News home page