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 ...

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

Explore the implications of South Africa's VAT increase and new tax measures aimed at supporting lower-income households ...

Despite intensive lobbying to include bone-in chicken in the list, it was not included – yet it seems luxury meat items may ...

Parliament’s budget advisory office says South African needs to ply on more wealth taxes for the rich—but tax experts say ...

South Africa’s political system ... fines from SARS for non-compliance and backdated VAT payments on all past sales where VAT was not charged. However, businesses with revenue below R1 million ...

For instance, most foods and goods on the shelves at your local grocery store have a VAT charge attached to them. That means that chocolate, frozen meals, alcohol and a host of other products will be ...

(Bloomberg) -- South ... The African National Congress, which held a parliamentary majority for three decades after apartheid ended in 1994, was itself conflicted over the sharp VAT increase ...

Consumers are angry that the government is treating them like a cash cow instead of fighting corruption and improving its fiscal discipline This content is restricted to subscribers only. Our ...

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Lawmakers in South Africa laid out plans to shore ...

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 government, accounting for ...