News

Good news about VAT increase
The Western Cape High Court ruled that the fiscal framework that Parliament adopted must be set aside, formally suspending a ...
Moneyweb2h
Court halts proposed Vat hike
It brings to an end a dispute between the two largest parties in South Africa’s government of national unity over the revenue ...
ANC U-turn over tax that threatened South Africa's government
The hike was also opposed by the biggest trade union federation, the Congress of South African Trade Union (Cosatu), which is in alliance with the ANC. Even the head of the government's tax agency ...
The Citizen13h
Western Cape High Court orders scrapping of the 0.5% VAT increase
Despite Enoch Gondongwana's recent announcement that the VAT hike has been reversed, the court ruled in favour of the DA and EFF.
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 ...
The South African on MSN3d
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.
The Citizen3d
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 ...
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 ...