Is it time to include chicken in the VAT-free basket of foods?
Currently, the list of zero-rated protein rich foods include tinned pilchards, eggs, beans and legumes.
There are no meat products on the list.
The Money Show’s Bruce Whitfield interviewed Charles de Wet, Partner at PwC.
Whitfield also spoke to Astral Foods CEO Chris Schutte.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The basket of products haven’t been reviewed in 25 years.— Chris Schutte, Astral Foods
Chicken is, by far, the number one preferred protein source… South Africans consume 14 kilograms of chicken per year [per person].— Chris Schutte, Astral Foods
Chicken consumption has doubled in the past 12 years in South Africa… It’s a very good value proposition… It’s better than most other protein sources, especially at the price…— Chris Schutte, Astral Foods
I agree [that chicken should be included in the VAT-free basket of foods].— Charles de Wet, PwC
Our lifestyles and eating habits have changed [since the list was created 25 years ago].— Charles de Wet, PwC
I expect it [zero rated chicken] would be affordable…— Charles de Wet, PwC
The time is right to look into it… but I don’t think we can expect changes until next year’s Budget.— Charles de Wet, PwC
[Zero rating chicken] will cost R4.8 billion to R5 billion per year…— Chris Schutte, Astral Foods
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