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SABC wants TV licence VAT zero-rated for R100-million revenue boost
The SABC has asked Parliament to exempt TV Licences from South Africa’s 15% value-added tax (VAT), which would provide the financially distressed broadcaster with a short-term liquidity benefit.
SABC CEO Nomsa Chabeli explained that they would keep the licence fee the same if the VAT were zero-rated, giving the public broadcaster a much-needed R100-million revenue boost.