Sanitary pads, bread flour and cake flour to be zero-rated
Updated | By Steve Bhengu
There's been a mixed reaction to the Finance Minister's maiden mid-term budget speech.
Various groups have praised Tito Mboweni for adding sanitary pads, bread flour and cake flour to the list of zero-rated VAT items.
These products along with items like maize meal and brown bread - will be considered tax-exempt goods - from April.
"Zero-rating these products targets low-income households and restores the dignity of our people," Mboweni said.
NOW READ: Mboweni details measures to grow economy
The minister pointed out there's 'another side' to the relief.
"I know you are clapping. That's very good. So the revenue loss associated with these zero-rated items is estimated at R1.2-billion," he said.
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