Treasury to scrap VAT on renewable energy products



The Standard | by Frankline Sunday


The government is set to repeal taxes on renewable energy products that were to take effect in the next financial year in a move likely to reduce the cost of clean energy.

National Treasury told Senators on Thursday that the 14 per cent value-added tax (VAT) imposed on off-grid solar panels, direct current inverters and storage batteries in Finance Bill, 2020 would be repealed…

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