Rates vary widely, with VAT at 7% in Thailand, 14% in Egypt, 15% in Ethiopia, 18% in Uganda, 19% in Algeria, 20% in the United Kingdom and as high as 27% in Hungary. In South Africa this year ...

South Africa's finance minister has said that failing to raise the value-added tax rate from May would cause severe harm to ...

Political leaders have voiced concerns over the proposed VAT increase, arguing it would exacerbate poverty and inequality in South Africa ... back on interest rates and this all impacts on ...

although the government is planning on expanding the basket of zero-VAT-rated food items, among other measures. The SARB firm on the repo rate – for now At least it did not go up! But by holding the ...

South Africa ... VAT hike plan in court, Finance Minister Enoch Godongwana argued that any delay or removal of the VAT hike would have dire consequences on the country’s finances. “If the rate ...