š Budget 2026: SSCL on Vehicles Collection Point Shifts
⢠The latest budget proposal addresses difficulties in properly collecting the Social Security Contribution Levy (SSCL) on vehicle sales. ⢠Key Change: The SSCL is proposed to be imposed at the time of vehicle import or manufacture and sale. ⢠Exemption: The levy will consequently be exempted for after-sales transactions (subsequent sales of the vehicle). ⢠Implementation: This new mechanism for charging the SSCL on the automotive sector is expected to be effective from April 2026.
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