The Portfolio Committee on Mineral Resources and Energy proposed that a tax holiday on fuel products be considered.
The committee resolved to propose the intervention on Tuesday, following growing upward pressure on the price of fuel, including the continued conflict between Russia and Ukraine. The war has driven oil prices to a high of $130 a barrel. Committee chair and ANC MP Sahlulele Luzipo told Fin24 on Tuesday that the committee resolved to send the proposal formally to both ministers for consideration. He said the structure and modalities around such a tax holiday would be left to the minister to decide.
Fin24 Remember, the people want grants, SARS needs money for all the freebies.
nickhedley Fin24 They should also consider zero rating VAT on electricity and water. Why do we pay VAT on these when they are absolutely essential goods?
Fin24 Im a former carpenter I got retrenched in 2020. Im struggling to find employment. My children often cry themselves to sleep because they sleep hungry😭. I don't feel like a man because of that💔. I ask for any food nearing their expiry date🙏🏻
Fin24 $130 a barrel of oil🤔
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