Government postpones sugar tax hikes

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Government postpones sugar tax hikes
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The National Treasury has postponed the increase of the health promotion levy by a year.

The National Treasury has postponed the increase of the health promotion levy by a year to 1 April 2023.

In 2018, Treasury introduced the Health Promotion Levy on sugary drinks with more than four grams of sugar per 100 ml. The rate is currently fixed at 2.1 cents per gram of the sugar content that exceeds four grams per 100ml, i.e. the first four grams per 100ml are levy-free.

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BusinessTechSA /  🏆 24. in ZA

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