VAT panel recommends zero-rating for sanitary products
Currently, the zero-rated list consists of 19 items, which include dried beans and samp.
THE VAT review panel has recommended that sanitary products be added to the current list of zero-rated items.
The panel recommended that sanitary products, school uniforms, nappies (including cloth and adult nappies) as well as white bread, bread flour and cake flour be added to the list of Value Added Tax (VAT) zero-rated products.
Finance Minister Nhlanhla Nene on Friday released the report by the Independent Panel on the review of the current list of items that are zero-rated for VAT purposes, for public comment.
The public has until 31 August to submit their comments.
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The Minister appointed the panel after the announcement in the national budget in February of the increase in the rate of VAT from 14 per cent to 15 per cent effective from 1 April.
Currently, the zero-rated list consists of 19 items, which include dried beans and samp.
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.
The public can make their inputs ahead of the 31 August deadline by submitting their comments in writing to vatsubmissions@treasury.gov.za.
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