Is fuel taxable in South Africa?

Fuel levy

Is fuel taxed in South Africa?

A large portion of South Africa’s petrol price is made up of levies, with the General Fuel Levy (GFL) and the Road Accident Fund Levy (RAF) taking up the biggest chunks. … A breakdown of the taxes (for 95 Petrol), according to the department is as follows: Fuel levy: 393 cents per litre.

Do you pay tax on fuel?

Use of a fuel card for business purposes is not classed as a taxable benefit. That said, if a person uses the card to cover the cost of the fuel for personal travel, the company is liable to tax charges.

Does fuel have VAT in South Africa?

The following goods and services are zero-rated: … Goods which are subject to the fuel levy (petrol and diesel) International transport services.

How is fuel tax calculated in South Africa?

Combined, the General Fuel Levy and the RAF Levy constitute R5,30 of every litre of fuel sold in the country. So, if a litre of fuel inland (93 unleaded octane) costs R14,23, then 37% of this amount is tax. Similarly, if a litre of fuel at the coast (95 octane) costs R13,89, then 38% is tax.

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What is the fuel levy used for in South Africa?

Fuel levies are annually adjusted taxes used to fund general government expenditure programmes. The General Fuel Levy is charged for every litre of fuel sold. In 2017, this levy went up by 30c.

Is aircraft fuel taxed in South Africa?

1 Aviation gasoline and aviation kerosene are only subject to the Aviation Fuel Levy. Gasoline is taxed as in road transport. Note: Tax rates applicable on 1 July 2018. … Levy and the PP Levy.

How is fuel allowance calculated?

The fuel benefit charge is calculated by multiplying the fuel benefit charge multiplier by the car’s appropriate percentage; that is the CO₂ emissions derived percentage used to calculate the car benefit charge, including any diesel supplement.

What tax is paid on a fuel card?

The use of company fuel cards for personal travel, including journeys to and from work, is effectively using company funds to pay for personal expenses. This is classed as a taxable benefit. The business must then pay National Insurance contributions (at 13.8%) on the value of the fuel being used for personal use.

Is a fuel card worth it?

Company fuel cards can reduce the costs of filling up your business car(s), especially as most of them only work at discounted fuel stations. Fuel cards also take away the time and money spent on administration/accounting needed for a pay and reclaim system.

How does VAT work in South Africa?

VAT is now levied at the standard rate of 15% on the supply of goods and services by registered vendors. … A vendor making taxable supplies of more than R50 000 but not more than R1 million per annum may apply for voluntary registration. Certain supplies are subject to a zero rate or are exempt from VAT.

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Is there VAT on meat in South Africa?

Of the 19 items no animal products are exempt from VAT. It is difficult for the poor to buy meat and chicken. … Third: Dairy (butter; dairy products which are not blends; basic cheese; yogurt; Inkomazi) Fourth: bread (brown bread already VAT free) 8 (low GI bread, white bread, raw bread dough) – Fin24 user M.

What items are VAT exempt in South Africa?

VAT Exemption of “Essential Goods”. Does that mean more disposable income for consumers?

  • Food. Any food product, including non -alcoholic beverages; …
  • Cleaning and hygiene products. Toilet Paper, sanitary pads, sanitary tampons, condoms; …
  • Medical. …
  • Fuel, including coal and gas.
  • Basic goods, including airtime and electricity.