{"id":11014,"date":"2018-03-19T12:21:14","date_gmt":"2018-03-19T10:21:14","guid":{"rendered":"http:\/\/www.statssa.gov.za\/?p=11014"},"modified":"2018-03-19T12:21:14","modified_gmt":"2018-03-19T10:21:14","slug":"stats-sa-to-ensure-vat-change-reflected-in","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=11014","title":{"rendered":"Stats SA to ensure VAT change reflected in"},"content":{"rendered":"

MEDIA RELEASE<\/strong><\/p>\n

19 March 2018<\/p>\n

Stats SA to ensure VAT change reflected in CPI<\/strong><\/p>\n

The VAT increase to 15% on 1 April will affect the price of many of the items in the Consumer price index (CPI) basket. Retailers and service providers may adopt different approaches and timeframes to pass this increase onto their customers. Stats SA surveys actual prices during the compilation of the CPI, irrespective of how these prices were determined.<\/p>\n

Not all products in the CPI basket are surveyed every month. This is because prices for many products and services do not usually change every month and spreading the collection assists in managing the workload of the price collection team. A schedule of periodic collections is shown in each monthly CPI release. It has always been Stats SA\u2019s policy to conduct additional surveys when we become aware of unscheduled price changes.<\/p>\n

Stats SA will undertake additional surveys in April and May and make automatic adjustments to selected prices to capture as much of the impact of the VAT increase as possible.<\/p>\n

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  1. Automatic adjustments will be made to the municipal tariffs to account for the increase in VAT.<\/li>\n<\/ol>\n
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    1. Special surveys of the following categories will be made:\n