South Africa, VAT and smaller hike
Vat hike: Struggling South Africans brace for greater financial strain
As Finance Minister Enoch Godongwana announced a 100-basis-point increase in South Africa’s Value-Added Tax (VAT) over two years, a new study from the UCT Liberty Institute of Strategic Marketing reveals a grim reality— many households are already struggling to make ends meet and rely on others for food before their next payday.
“To raise the revenue needed, the government proposes to increase the VAT rate by half- apercentage point in 2025/26, and by ...
The European Union’s tax chief said that the bloc’s use of value-added taxes shouldn’t be part of the trade tensions with the ...
Finance Minister Enoch Godongwana tabled his delayed Budget on Wednesday that included lower, yet still controversial, ...
Godongwana's new proposal will raise the VAT rate to 15.5 percent and add 28 billion rand to the fiscus in this financial ...
Tech Financials on MSN44m
Government proposes VAT increase over two yearsIn light of new and persistent spending pressures in health, education, transport and security, government has decided to ...
Finance Minister Enoch Godongwana has delivered a balanced but contentious 2025/26 budget by introducing a ...
Finance Minister Enoch Godongwana reveals plans for VAT increases and essential support measures for low-income households in ...
A hike of half a percentage point will be implemented from 1 April, followed by another in the next financial year, which ...
Finance Minister Enoch Godongwana has announced a VAT increase, which he says will be split over two years. "To raise the ...
MKP's Luther Lebelo launches scathing attack on South Africa's major banks over alleged discriminatory practices and ...
Pundits don't believe Godongwana will be able to avoid increasing taxes completely despite the raging dissent across the ...
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