New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in

Show Business and Finance Publications

Sat, March 15, 2025

[ Sat, Mar 15th 2025 ]: CNA

Pay raises don't always come automatically. I had to learn to ask - and to keep asking

[ Sat, Mar 15th 2025 ]: Moneywise

Trump to roll out $5 million 'gold card' visa to .. ng and the wealth-magnet nations they're going to

[ Sat, Mar 15th 2025 ]: Insider

Real estate as an investment? One study says luxury watches do better.

[ Sat, Mar 15th 2025 ]: Regtechtimes

Rick Tariq Rahim Sentenced for Massive Tax and Investment Fraud

[ Sat, Mar 15th 2025 ]: Kiplinger

Retire in Italy for Culture and Beauty

[ Sat, Mar 15th 2025 ]: Timeslife

Top Countries with the Best Salary Opportunities

[ Sat, Mar 15th 2025 ]: Newsweek

How to Survive a Trump Recession: The Ultimate Guide

[ Sat, Mar 15th 2025 ]: GOBankingRates

SBA Loans: Types, How They Work and How To Qualify

[ Sat, Mar 15th 2025 ]: News4Jax

Greek government debt upgraded to investment grade, closing the door on a painful era

[ Sat, Mar 15th 2025 ]: Entrepreneur

Wipro Announces Major Business Realignment to Focus on Industry Trends

[ Sat, Mar 15th 2025 ]: BBC

Why is my council tax rising and how is it spent?

[ Sat, Mar 15th 2025 ]: WJHL

Economic uncertainty addressed at Appalachian Highlands Economic Forum

[ Sat, Mar 15th 2025 ]: Benzinga

Canadian Grocers Boycott US Products As Tariffs, .. nsions: 'American Booze Is Gone From The Shelves'

[ Sat, Mar 15th 2025 ]: AOL

Important business tax deadlines you should know for 2025

Fri, March 14, 2025

[ Fri, Mar 14th 2025 ]: GlobalData

NETSOL launches Transcend AI Labs

[ Fri, Mar 14th 2025 ]: Marketplace

Have mortgage rates dropped enough to spur homebuyers this spring?

[ Fri, Mar 14th 2025 ]: inc42

Lendingkart's Founder On Balancing Growth, Regulation And Public Market Expectations

[ Fri, Mar 14th 2025 ]: Deadline

Laura Lewis' Rebelle Media Inks First-Look Deal W .. Sicilian Inheritance' Adaptation As First Project

[ Fri, Mar 14th 2025 ]: devdiscourse

Greece's Cabinet Shake-up: Navigating Crisis and Change

[ Fri, Mar 14th 2025 ]: Dealbreaker

Pharma Firms Mallinckrodt and Endo Agree to Merge in $6.7B Cash and Stock Deal

[ Fri, Mar 14th 2025 ]: Entrepreneur

The One Reason Most Small Businesses Fail. And No, It Isn't Money

[ Fri, Mar 14th 2025 ]: Patch

Woodbridge Twp. Business Summary: What's Coming In 2025

[ Fri, Mar 14th 2025 ]: TechRadar

You can now use an IPv4 address as business collateral - and it could be worth millions

[ Fri, Mar 14th 2025 ]: TheWrap

Justine Bateman Says Trump and Musk Should Use $1 .. llion of DOGE Savings to Start American Film Fund

[ Fri, Mar 14th 2025 ]: WTRF

"Failing to pay employees, provide insurance, or .. io hospital faces layoffs and financial struggles

[ Fri, Mar 14th 2025 ]: PCMag

'Disrupt and Leapfrog': Intel's New CEO Charts a (Risky) Comeback Strategy

[ Fri, Mar 14th 2025 ]: healthday

Dr. Oz Accused of Underpaying Medicare Taxes Ahead of Nomination Hearing

[ Fri, Mar 14th 2025 ]: News24

New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in

[ Fri, Mar 14th 2025 ]: AOL

DocuSign CEO: No signs of recession in our business

[ Fri, Mar 14th 2025 ]: Week99er

AI Law Firm Marketing Company FirmPilot AI Announ .. ert Jay Greenberg to Company's Board of Directors

[ Fri, Mar 14th 2025 ]: isixsigma

TQM in the Digital Age: How AI and Automation Are Transforming Quality Management

[ Fri, Mar 14th 2025 ]: MarketWatch

Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos

[ Fri, Mar 14th 2025 ]: Investopedia

Why Filing Your Taxes Early Could Save You Stress and Money

[ Fri, Mar 14th 2025 ]: Stocktwits

Crown Castle Stock Gains Premarket After $8.5B De .. Small Cells And Fiber Solutions: Retail's Divided

[ Fri, Mar 14th 2025 ]: Invezz

4 reasons Alibaba stock price is surging this year and what next

[ Fri, Mar 14th 2025 ]: Fortune

Publicis New York CEO Carla Serrano and the downside of Trump's war against all

[ Fri, Mar 14th 2025 ]: Forbes

AI's Expanding Role In Retail And E-Commerce: Balancing Efficiency With Human Touch

[ Fri, Mar 14th 2025 ]: CNN

Fear and resignation after 'world's most powerful .. mpany' pays Trump a $100 billion 'protection fee'

[ Fri, Mar 14th 2025 ]: Insider

Life after RTO: 11 Amazon employees reflect on th .. ghs and lows of returning to the office full time

[ Fri, Mar 14th 2025 ]: Newsweek

Companies and Communities Feel Effects of $20B Climate Funding Freeze

[ Fri, Mar 14th 2025 ]: GOBankingRates

Best 3-Month CD Rates and Offers for 2025

[ Fri, Mar 14th 2025 ]: BusinessTech

South Africa bans cannibas and hemp products, and Eskom maintenance lie

[ Fri, Mar 14th 2025 ]: Cryptopolitan

Crypto Analysts Believe This New Crypto Could Become Bigger Than Solana, XRP and BNB

[ Fri, Mar 14th 2025 ]: Mint

Bajaj Finserv Loan: Find the latest updates on gold loan

[ Fri, Mar 14th 2025 ]: Reuters

Singapore's DBS raises $2 billion through US dollar bonds, term sheet shows

[ Fri, Mar 14th 2025 ]: Variety

VFX and Animation Studio Cinesite Raises $215 Million On the Heels of Technicolor Collapse

[ Fri, Mar 14th 2025 ]: IOL

Standard Bank aims to lead Africa's energy, infrastructure development

[ Fri, Mar 14th 2025 ]: BusinessGhana

Govt to overhaul VAT System by end of year - Finance Minister

New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in

//business-finance.news-articles.net/content/202 .. -still-excluded-but-oxtail-tongue-may-be-in.html

Published in Business and Finance on Friday, March 14th 2025 at 14:00 GMT by News24

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Most canned vegetables will not be included in the list of zero-rated food products, according to new VAT legislation proposed by Finance Minister Enoch Godongwana, in contrast to comments made in his budget speech this year.

2025-03-14 196 x 110 / 6489 Bytes

The South African Revenue Service (SARS) has announced that from April 1, 2025, certain foods will be exempt from Value Added Tax (VAT) to help alleviate the cost of living for low-income households. However, the list of VAT-exempt foods does not include most canned vegetables, which has sparked some controversy. Notably, items like brown bread, rice, and lentils are included in the exemption, but surprisingly, luxury items like oxtail and tongue might also qualify for the VAT exemption. This decision has led to debates about the criteria used for selecting which foods qualify for the exemption, with critics arguing that the inclusion of such expensive meats undermines the initiative's aim to support the economically disadvantaged. The exemption list aims to cover staple foods that are essential for basic nutrition, but the exclusion of common canned vegetables has raised concerns about the policy's effectiveness in addressing food affordability for the poorest segments of the population.

Read the Full News24 Article at:
[ https://www.news24.com/fin24/economy/new-vat-free-foods-most-canned-veg-still-excluded-but-oxtail-tongue-may-be-in-20250314 ]