File: The price of bread is more than R10.50 a standard loaf after increasing almost 70-percent recently.
JOHANNESBURG - The public is being urged to submit written suggestions as part of the review of the list of items that are exempt from value-added tax (VAT).
Their mandate is to evaluate the existing list and find the most effective way to mitigate the impact of the April VAT increase on poor and low-income households.
EXPLAINER: How the VAT hike will hit your pocket
The move to raise VAT to 15 percent from 14 percent is expected to generate an additional R23-billion revenue in 2018/19.
The ANC said on Sunday that it wants to alleviate the impact of the increase by adding more zero-rated and tax-free items.
The tax increase was welcomed by ratings agencies, which have raised concerns about Pretoria&39;s flagging ability to boost revenue without resorting to excessive borrowing.