Key changes to diesel rebates imminent
After a long review process that started in 2015, the South African Revenue Service (SARS) is fundamentally changing how the diesel rebate system works. Traditionally, diesel refunds were processed through the Value Added Tax (VAT) system, and in future, they will be treated as a standalone Customs and Excise rebate. In a one-on-one with Quarrying Africa, Andrew Hancock, tax consultant at Colenbrander Inc., unpacks the changes and their impact. By Munesu Shoko.
