- The policy outlines the calculation method for diesel refunds under rebate item 670.04 of Schedule 6 to the Customs and Excise Act No. 91 of 1964.
- It applies to Diesel Refund registrants who are VAT vendors and involved in qualifying activities such as farming, mining, forestry, commercial fishing, shipping, electricity generation, and certain railway or harbour services.
- Claimants must register with SARS, keep detailed logbooks of diesel purchases and usage, and be the buyer and user of the diesel.
- Refunds are calculated by deducting non-eligible litres from total litres purchased, then multiplying eligible litres by the applicable rate per usage type.
- The VAT201 form is used for claims, with certain fields auto-calculated based on input data.
Source: sars.gov.za
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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