Cape Town - Bad news for motorists is that the general fuel levy will be increased in line with inflation in 2014. However, the proposed increase of 12c per litre for both petrol and diesel is less than last year's increase.
The total fuel levy for petrol is now 225.5c/litre, and for diesel 209.5c/litre.
Together with the Road Accident fund levy - which was raised by 8c/litre to 104c - and other levies, it brings the total taxes on fuel to 332.5c/litre for petrol and 317.51 for diesel.
The increases will hurt motorists further because the fuel price has risen and will still go up substantially due to the weak rand.
The petrol price is expected to rise by up to 36c again next week, while the latest budget announcements will kick in from April.
The Budget Review also states that the government proposes to review the diesel refunds policy and administration system.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.