With an increase in Value Added Tax (VAT) announced during the recent Budget Speech, here is a breakdown of what exactly VAT is.

It’s worth understanding who pays VAT, how VAT contributes to total tax revenue, and how you as a small business can manage ...

If Parliament passes the 2025/6 budget, the VAT rate will go from 15% to 15.5% on 1 May this year. This means that the price of all but a few goods and services will go up, and buyers will pay 15 ...

A panel of South African lawmakers approved a fiscal framework that underpins the national budget, while calling on Finance ...

ActionSA and IFP betray South Africans by supporting ANC's anti-growth, anti-poor VAT hike ...

The Inkatha Freedom Party (IFP) expresses conditional support for South Africa's budget, advocating for a temporary VAT ...

(Bloomberg) -- South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance.

CAPE TOWN, April 2 (Xinhua) -- South Africa's parliament on Wednesday passed the 2025 Budget tabled by Finance Minister Enoch Godongwana, despite strong opposition to a contentious increase in ...

South Africa’s finance minister denied that he ignored advice from the National Treasury not to raise value-added tax by two percentage points, the move that led to last month’s budget being ...

Treasury says spending pressures require VAT increase Biggest coalition partner says it won't support budget Deadlock is biggest test yet for multi-party government CAPE TOWN, March 12 (Reuters ...

POLOKWANE – Value-Added Tax (VAT) is a consumption of tax charged on goods and services at each stage of production and distribution. VAT is a crucial source of revenue for the South African ...