- The 2026 National Budget maintains VAT relief for 20 essential items.
- A 50% VAT reduction is introduced for households using 99-150 kWh of electricity monthly.
- Petrol and diesel taxes are capped at ECD 3.50 per gallon.
- The Christmas Free Barrel Programme allows duty exemptions on up to two barrels of necessities per household.
- No changes to other tax categories, prioritizing economic stability and support for vulnerable households.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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