27 February, 2019
New diesel rebate announced by minister of finance during budget speech
this week the Minister of Finance, Tito Mboweni, during his
Budget speech, announced that the diesel fund rebate would
increase by 3.4% from
R3.22 to R3.33 per litre
on 80% of eligible diesel usage. ( i.e. an increase per
litre of R2.576 to R2.664).
this is a below inflation increase and given the volatility
of the Rand, it is a positive step nonetheless.
to in our previous reports sent to members, FSA has and
continues to engage with SARS regarding a new diesel fund
dispensation for the Forestry Industry.
It is hoped
that following discussions that we had with SARS in August
2018, the new dispensation will reflect the concerns that we
raised regarding the current and proposed dispensation. It
is likely, according to SARS, that the new system will only
come into effect in late 2019 or early in 2020.
be kept informed of developments.
Source: Forestry South Africa