Finance Minister Nhlanhla Nene.
CAPE TOWN - Finance Minister Nhlanhla Nene has expanded the scope of a panel of experts appointed to review the current list of items exempt from value-added tax (VAT).
"The amended terms of reference allow the panel more flexibility to make proposals that may alter the fiscal framework for the 2019/20 financial year and beyond, as they can be taken into account in the 2019 February Budget," the National Treasury said in a statement on Tuesday.
The panel is looking at the impact of the VAT increase on poor and low-income households and how this could be mitigated through measures such as increasing the basket of 19 items exempt from VAT.
The deadline for public submissions was shifted to Friday, 1 June 1, while the committee has been given an extra month, until 31 July, to submit a final report to Nene.