On 25 April 2018, the Minister of Finance published the Terms of Reference for the Independent Panel of Experts to review the current list of zero-rated items, and consider the most effective way to mitigate the impact of the increase in the VAT rate on poor and low-income households. This is according to a statement this morning from the National Treasury.
“The panel is mandated to take public submissions, convene hearings, and engage with different stakeholders from civil society organisations, organised labour and business, and all other interested parties.
“As part of carrying out its mandate, the Panel would like to invite all interested stakeholders to make written submissions for consideration. The details for further engagements and hearings will be communicated in due course.”
Written submissions, and any other queries, can be submitted via e-mail to vatsubmissions@treasury.gov.za by close of business on 24 May 2018.
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