On 28 March 2023, the South African Revenue Service (SARS) informed, with effect from 3 April 2024, Note 8 in Part 5A of Schedule No.1 to the Customs and Excise Act, 1964 will be substituted and that their will be an increase in the Carbon Fuel Levy for Petrol and the Carbon Fuel Levy for Diesel to give effect to the Budget proposals announced by the Finance Minister on 21 February 2024.
The substitution of Note 8 in Section A to Part 5 of Schedule No.1 to Act, 1964 with the following:
8(a) For the purposes of item 195.10.03 the rate of fuel levy shall be the sum of the -
(i) general fuel levy at a rate of 385 cents per litre; and
(ii) carbon fuel levy at a rate of 11 cents per litre.
(b) For the purposes of items 195.10.15; 195.10.17; 195.10.21 and 195.20.03 the rate of fuel levy shall be the sum of the -
(i) general fuel levy at a rate of 370 cents per litre; and
(ii) carbon fuel levy at a rate of 14 cents per litre.
(c) For the purposes of item 195.20.01 the rate of fuel levy shall be the sum of the -
(i) general fuel levy at a rate of 185 cents per litre; and
(ii) carbon fuel levy at a rate of nil cents per litre.
The amendment of the following Carbon Levy Items:
- 195.10.03 2710.12.02 Petrol, as defined in Additional Note 1(b) to Chapter
- 195.10.15 2710.12.26 Illuminating kerosene, as defined in Additional Note 1(f) to Chapter 27, unmarked
- 195.10.17 2710.12.30 Distillate fuel, as defined in Additional Note 1(g) to Chapter 27
- 195.10.21 2710.12.39 Specified aliphatic hydrocarbons solvents, as defined in Additional Note 1(ij) to Chapter 27, unmarked
195.20.03 3826.00.90 Other biodiesel
