Finance Minister Enoch Godongwana has scrapped plans to raise VAT by 0.5 percentage points, but how will this decision affect ...

South African finance minister Enoch Godongwana has dropped a planned VAT increase that would have seen value-added tax ...

JOHANNESBURG, April 17 (Reuters) - South Africa's finance ... any delay or removal of the VAT hike would have dire consequences on the country's finances. "If the rate increase is halted now ...

and municipal rates. Many argue that the government's proposed VAT hike will affect the poor and middle class, who are already under significant financial strain. South Africa’s tax system is ...

South Africa's finance ... the legality of the 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 ...

and municipal rates. Many argue that the government's proposed VAT hike will affect the poor and middle class, who are already under significant financial strain. South Africa’s tax system is ...

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 ...

The SARB also warned that the room for interest rate cuts had narrowed significantly ... things happening in and affecting South Africa today: Countdown to VAT hikes: More service providers ...

Godongwana has defended his decision to increase the VAT rate in terms of section 7(4) of the VAT Act. Disclaimer: The content of this article is syndicated or provided to this website from an ...

South African Finance Minister Enoch Godongwana ... opposed a 0.5 percentage point hike in the value-added tax rate to 15.5% and has filed a lawsuit to block its implementation.

The VAT rate is expected to increase to 15.5% on 1 May 2025 and to 16% on 1 April 2026. The first 0.5% hike is expected to raise R13.5 billion in revenue. However, reports now indicate that the ...

South Africa’s economy is still recovering from the post-Covid-19 downturn, yet the government has decided to increase VAT to boost revenue ... lowered the repo rate by 25 basis points, the ...