Value Added Tax (VAT) and Sugar Tax is set to increase as of April 1, 2018 from 14 to 15%.
This after Treasury announced the increase last month. SARS will be collecting “Sugar Tax”.
Coca-Cola Beverages South Africa says the company’s non-sugar offerings such as their “Zero” range could be a healthier alternative.
The levy is designed to support the Department of Health’s aim to reduce the incidence of diabetes, obesity and related diseases.
Public Affairs and Communications Director at Coca-Cola Beverages South Africa Tshidi Ramogase says, “As a company, we have been working quite closely with other peers in the industry to make sure we introduce an alternative healthy beverage. In terms of non-sugar beverages, we have extended the range of our zero brands to give consumers the option and the choice to choose their beverages with less sugar sweetened.”
“We continue to work with government and other stakeholders to make sure we keep SA healthy,” added Ramogase.