South Africa: Update on The Proposed Taxation on Sugar Sweetened Beverages

On February 22, 2017, the South African National Treasury published the Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill for public comment. The Bill details the revised plans for a tax on sugary drinks. United States beverage exports to South Africa that could be affected by the sugar tax amount to about $5 million. Post encourages affected industries in the United States to submit comments on the Draft Bill by no later than the close of business on Friday, March 31, 2017.

South Africa: Update on The Proposed Taxation on Sugar Sweetened Beverages