Treasury to slap noodles firms with 20pc tax

55NCS12

An Indian worker arranges strands of vermicelli noodles to dry inside of a factory. FILE PHOTO | AFP

The National Treasury plans to hit locally manufactured pasta with the introduction of a 20 percent excise duty, a move that could affect the country’s competitiveness in making this foodstuff.

In the Finance Bill, 2023, the government is proposing to introduce the tax on both imported raw material for making pasta, known as Semolina, and finished pasta products such as noodles and spaghetti.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.