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At present the refund is seamless in that the refunds are claimed through the VAT system without the need to submit copious documentation and to wait for approval.
The current diesel tax rebate system brought at least R1,2 billion of this expenditure back to agribusinesses yearly.Operated by Portnet, used by in-port bunker barge operators.Consideration should be given to placing reliance on these systems to prove the diesel refund compliance.Click here to see the current extent of refund.This will obviously not be the case if a separate refund administration is established he says.Written comments on the proposed interim and future reforms of the diesel refund system must be submitted to Treasury or sars by May.South African Revenue Services (sars) administers the diesel refund system through the Value Added Tax (VAT) process.The diesel tax refund system and its administration is set for an overhaul to address anomalies in the system and to find more "equitable" rules and administrative procedures.The diesel should therefore be delivered to the physical site where the qualifying primary production will take place and independent logbooks should be kept for each storage facility at such sites, Treasury says.Services, and then, complaints, FSA said.Export to the clients maintenance application to accurately determine equipment maintenance scheduling from the hour/km records.The interim amendments have been praised for focusing on the activity rather than the recipients status.
In order to comply with the above mentioned requirements, two (2) types of logbooks are recommended by the legislation, alternatively, they can be combined into one document. .Additional recordkeeping requirements proposed in the discussion document have already been met with some trepidation.The meeting was a result of growing frustration among many agribusinesses with the technicalities of making these claims and with the slow pace of due pay-outs from sars.Value ADD areas provided BY OptiMIM software.The proposal is to set out the requirements more clearly, namely documentation (logbooks) recording the receiving and dispensing of diesel at each storage facility, and documentation (logbooks) that records the usage of such diesel.The share of the countrys economic growth and employment drivers showed significant declines in the share of refunds over the same holiday vouchers for disabled period.This will obviously not be the case if a separate refund administration is established, he says.