The recent VAT increase proposal in South Africa raises concerns about its impact on low-income households, particularly ...
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SAPeople on MSNBudget Speech 2025: VAT increase triggers public uproarSouth Africans reject the 0.5% VAT hike, as the GNU faces its biggest budget battle yet. The post Budget Speech 2025: VAT ...
The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as ...
JOHANNESBURG - Finance Minister, Enoch Godongwana, has proposed gradually increasing South Africa's VAT rate from 15% to 16% over the next two years. This move aims to stabilise the country's finances ...
Budget Speech 2025 sees VAT increase announced . Godongwana has announced that VAT, currently at 15%, will increase by half a percentage point in 2025/26 and another half a percen ...
The uMkhonto weSizwe Party (MKP) on Friday termed the proposed value added tax (VAT) increase a “declaration of war” against ...
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The South African on MSNHow a 0.5 percent point VAT increase will squeeze South AfricansA 0.5 percent point VAT increase may seem like a small adjustment, but even the tiniest hike puts pressure on an already ...
The revised approach to VAT increases announced in the delayed Budget speech represents a concession by Treasury while still striving to meet the revenue requirements necessary to offset government ...
Explore the implications of South Africa's VAT increase and new tax measures aimed at supporting lower-income households ...
While government defends the VAT increase, critics say it will hurt the poor, worsen debt, and strain the healthcare system.
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Briefly on MSNEFF and DA Unite Against VAT Increase, Parties Won’t Support 2025 Budget in Its Current FormThe Democratic Alliance and Economic Freedom Fighters have both rejected Finance Minister Enoch Godongwana's budget speech, ...
The announcement of plans to increase the VAT rate to 16% by 2026/27, combined with no inflationary adjustment to income tax brackets, could have a dual effect on cross-border trade. Cross-border ...
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