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South Africa withdraws planned VAT hike

Devdiscourse · 7h

South Africa Withdraws 0.5% VAT Increase: SARS Issues Guidance for Vendors

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into preparing for the anticipated VAT change.

Reuters on MSN · 1d

South Africa withdraws planned VAT hike after political pushback

South Africa has abandoned plans to increase value-added tax from May 1, the finance ministry said on Thursday, after the proposed hike faced opposition from political parties and led to investor fears that the coalition government could split.

Why did South Africa reverse a VAT increase?

South Africa's finance minister drops plan to increase value-added tax (VAT), in a major climbdown to prevent the collapse of the coalition government. 10,000 illegal settlers reportedly removed from Ghana's largest forest reserve.

The South African on MSN2h

VAT’s happening? Nando’s pokes fun at tax turnaround

VAT in the world? Nando's has weighed into government's last-minute tax turnaround following a clash within the ...

A R1 billion U-turn: Scrapping the VAT increase leaves no winners, just absolute chaos

The minister of finance announced in a statement loaded on National Treasury’s website at 15 minutes after midnight that the ...

2don MSNOpinion

VAT hikes can raise tax without hurting the poor: an economist sets out the evidence

Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...

The South African on MSN1d

EFF calls for ‘incompetent’ Godongwana’s head over VAT increase reversal

The EFF is one of the political parties which rejected the VAT increase and even went to court to challenge the matter.

Date set for court ruling on VAT hike, and Ramaphosa and Mashatile under threat

Good news at South Africa’s ports: The port of Richards Bay has achieved record volumes in the past financial year, driven by ...

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