On 27 October 2022, the South African Revenue Service (SARS) announced that the “Manage Diesel Refund Calculations Policy” had been revised to include:
- All criteria that a prospective claimant must meet to qualify for a diesel refund;
- The refund calculation prescribed in Rebate Item 670.04 of Schedule 6;
- Information needed to complete Part C of the Value-Added Tax (VAT)201;
- Steps to follow where the implementation date of the new rates falls within the tax period; and
- Calculation examples.
The extent of the rebate of the General Fuel and Road Accident Fund (RAF) Levies has been deleted from the document as it is readily available in Schedule 6 to the Customs and Excise, 1964. The path to the current and historic rates has been included.
The Scope of the Policy applies to Diesel Refund registrants claiming a refund in terms of Rebate Item 670.04 of Schedule 6 to the Act, 1964.
A copy of the Policy is available on request.
