On 1 April 2018 South Africa introduced the Health Promotion Levy (“HPL”) which directly impacts manufacturers of sugary beverages, from both a tax administration and an accounting perspective.

Recent experience has shown that manufacturers impacted by the HPL exclusively focused on the immediate registration requirements communicated by the South African Revenue Service (“SARS”), without considering the subsequent impact that HPL related activities will have on their underlying accounting entries.

For further information please contact Linda Bertolissio or Riina Rintanen.