On 26 March the South African Revenue Service (Sars) announced an increase in the Road Accident Fund (RAF) levy, Part 5B of Schedule No.1 to the Customs and Excise Act, 1964 “Road Accident Fund Levy”, by an increase of 9c/li in the RAF levy from 198c/li to 207c/li on both petrol and diesel to give effect to the Budget proposals announced by the Minister of Finance on 26 February. The increase is effective from 01 April.
Road Accident Fund Levies 197.10.03/2710.12.02 “Petrol, as defined in Additional Note 1(b) to Chapter 27“ (207c/li); 197.10.15 /2710.12.26 “Illuminating kerosene, as defined in Additional Note 1(f) to Chapter 27, unmarked” (207c/li); 197.10.17/2710.12.30 “Distillate fuel, as defined in Additional Note 1(g) to Chapter 27” (207c/li); 197.10.21/2710.12.39 “Specified aliphatic hydrocarbon solvents, as defined in Additional Note 1(ij) to Chapter 27, unmarked” (207c/li); 197.20.01/3826.00.10 “Biodiesel, as defined in Additional Note 1(a) to Chapter 38” (207c/li); and 197.20.03/3826.00.90 “Other biodiesel” (207c/li).
Story by: Riaan de Lange
