This is due to the political tensions generated by a proposed increase in value added tax (VAT). South Africa’s choices on how it manages the revenue and expenditure issues in the budget are ...

Legal experts say the reversal of the planned VAT hike in South Africa faces a massive hurdle, given that the fiscal framework has been approved and adopted by parliament. Finance minister Enoch ...

JOHANNESBURG - The proposed VAT increase, which was meant to be implemented next month, has been reversed. Treasury issued a statement shortly after midnight on Thursday. The VAT rate was ...

With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), legal experts have warned this doesn’t mean it’s a done deal.

The National Board of Revenue (NBR) is contemplating the introduction of a system to hold its officers accountable for failing to enlist business entities under the Value Added Tax (VAT) net. To ...

The Minister's late-night about turn means that VAT stays at 15 percent. The new bill will still face Parliamentary review, including committee scrutiny and voting, before the President can make ...

DA federal council chairperson, Helen Zille briefed the media in Parliament on Thursday morning following National Treasury’s about turn and decision to withdraw the 0.5 percentage point VAT ...

The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...

Danish TV operator Norlys has warned the introduction of VAT to rights payments could ultimately affect Danish TV production. From 1 July, prices for Norlys’ TV customers will rise by up to 20 ...

The decision to scrap the 0.5% VAT increase has forced businesses to abandon costly plans to prepare customers. The government’s reversal of a decision to increase Value-Added Tax (VAT ...

The planned hike in VAT caused fractures within the 10-party unity government that the African National Congress cobbled together after the May 2024 general election. "The decision to forgo the ...

This follows Finance Minister Enoch Godongwana’s abrupt reversal on Thursday of his March budget announcement to raise the Vat rate by 0.5 percentage points this year and an additional 0.5 ...