Business In The News South Africa

Western Cape Social Development welcomes tax exempt sanitary towels

CAPE TOWN, October 25 –  Western Cape Social Development MEC Albert Fritz on Thursday welcomed the announcement that sanitary towels, among other items, will be VAT exempt from April 1, 2019. During his Medium-Term Budget Policy Statement (MTBPS) speech in Parliament on Wednesday, newly appointed Finance Minister Tito Mboweni announced sanitary towels among other items […]

Business In The News South Africa

#MTBPS2018: VAT on white bread flour, cake flour and sanitary pads to be zero-rated

PARLIAMENT, October 24 – Value-added tax (VAT) on white bread flour, white cake flour and sanitary pads will be zero-rated from April 1 next year, Finance Minister Tito Mboweni announced on Wednesday. “The revenue loss associated with zero-rating these items is estimated at R1.2 billion. However, zero-rating these products targets low-income households and restores the […]