[ad_1]
The Minister of Agriculture, Land Reform and Rural Development, Thoko Didiza, has announced the introduction of an updated tax on olive suppliers in a bid to grow South Africa’s local olive industry.
In a bulletin published on Friday (November 2), Didza said SA Olive needs the lien to:
- Finance research projects;
- Transfer of technology and technical information;
- Quality control and certification;
- Information and statistics;
- Communication, consumer education and market development;
- Transformation and training for the olive industry.
In September 2016, a tax was imposed on table olives and olive oil. On Friday, however, the government published regulations to impose new requirements on suppliers, including introducing an updated tax.
Didiza kept the tax on table olives and olive oil:
- 8 cents / kg on all table olives; Y
- 40 cents / liter in all olive oil.
“The measure will not be detrimental to the number of employment opportunities or fair labor practices and will support legal measures related to the registration and delivery of declarations applicable to olive products,” said Didiza.
The minister said that the measure will be implemented and administered by SA Olive, a company incorporated under the terms of the Corporations Law.
In a series of other bulletins published alongside the new tax, Didiza also introduced additional registration, import and processing rules for suppliers.
Read: What it’s like to live in a R320,000 mobile home in South Africa
[ad_2]
