While a number of consumers seem to anticipate some sort of financial relief during the COVID-19 pandemic from the announcement SARS made on 27 March 2020, exempting imported “essential goods” as defined from VAT, it is important to note that the relief is only on the importation of the goods and not on the local supply.
We also need to understand whether the imported essential goods, form a part of our day to day purchases.
Source: BDO ZA
