Treasury has reversed its decision to increase the Value-Added Tax (VAT) which was due to kick in on the 1st of May.

Key topicsVAT to stay at 15% from 1 May 2025, cancelling planned hikeR75 bn revenue gap prompts withdrawal of budget bills ...

Finance Minister Enoch Godongwana has announced the cancellation of the proposed VAT increase, a decision welcomed by ...

The Democratic Alliance (DA) on Thursday expressed jubilation at Finance Minister Enoch Godongwana’s reversal of the ...

This is despite the unresolved matter of the value-added tax (VAT) hike, which will be used to fund the R2.3 trillion budget.

Following intensive consultations among political parties, National Treasury last night (Wednesday) announced the scrapping ...

National Treasury’s proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch ...

The Minister of Finance, Enoch Godongwana, will soon formalise measures to reverse the highly contested and reviled VAT hike ...

The Minister of Finance will shortly introduce the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill), which proposes to maintain the Value-Added Tax (VAT) rate at 15 per ...

After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...

Finance minister Enoch Godongwana has instructed National Treasury not to increase the value-added tax (VAT) from the ...

South Africa will not increase its value-added tax (VAT) from May 1, the finance ministry said on Thursday, after the ...