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In an overnight media statement, the Treasury announced that Finance Minister Enoch Godongwana would be reversing the decision to hike VAT. Minister of Finance Enoch Godongwana and the finance ...

The EFF also accused Minister Enoch Godongwana of admitting to lying to the party that the 0.5% VAT increase could be changed before its implementation next week Thursday. Finance Minister Enoch ...

When he unveiled his worldwide tariffs last week, President Trump blamed “exorbitant VAT taxes” among the factors for America’s yawning trade deficit. The president and his advisers claim ...

Renowned economist Dawie Roodt said the state collected nearly R10 billion more in taxes than expected, which means it does not need to increase value-added tax (VAT). Roodt shared this ...

The treasury announced shortly after midnight on Thursday that the VAT rate will remain at 15%, bringing to an end a two-month political battle over an imminent unpopular increase to the tax.

The Western Cape High Court will hear an application by the DA and EFF 0,5 percentage point VAT increase passed by the National Assembly recently. For more news, visit sabcnews.com and #SABCNews ...

The increase in VAT applies to goods and services across the board, affecting procurement, service delivery, and, ultimately, pricing. For SMEs, the decision between absorbing these costs or ...

However, it’s worth understanding who pays VAT, how VAT contributes to total tax revenue, and how you as a small business can manage this change. Value Added Tax (VAT) is a consumption tax ...

As the country celebrates the reversal of the VAT hike, the EFF has called for the resignation of Finance Minister Enoch Godongwana, for supposedly posing a “threat to South Africa’s economy”.

Finance Minister Enoch Godongwana denies that he ever suggested he could revoke the implementation of the increase in the value-added tax (Vat) rate from 15% to 15.5%. The rate will increase on 1 May.

This decision comes despite intense opposition related to the recently approved 0.5% Value Added Tax (VAT) hike proposed by the National Treasury. The decision to raise VAT by 0.5% has ignited ...