JOHANNESBURG (Reuters) -South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of the ruling coalition government. The proposal to ...

South Africa's proposed VAT amendments could eliminate the 15% tax burden on testing services provided to non-residents, ...

The proposal is to have a system that resembles a sales tax by disallowing Vat input claims and to rely solely on the payment of output tax, but at a rate as low as 6% compared to the current 15%.

Private schools in South Africa that are registered for VAT will be forced to deregister by the end of 2026, with National ...

The 2025 Budget Speech delivered by Finance Minister Enoch Godongwana highlighted significant fiscal measures aimed at addressing South Africa’s economic challenges. The budget highlighted the ...

JOHANNESBURG (Reuters) -The South African rand firmed on Monday, boosted by a news report that the country's biggest political party may back down on a plan to raise value-added tax (VAT) and dollar ...

South Africa's finance minister has dropped plans to increase value-added tax (VAT), in a major climbdown to prevent the collapse of the coalition government. Enoch Godongwana's decision came after ...

Amid rising food prices and escalating economic pressure, the South African Poultry Association's proposal aims to safeguard ...

Unconventional CA CEO Hiten Keshave says small businesses are struggling with manual processes, fragmented systems and high ...

CAPE TOWN (Reuters) - South Africa's cabinet may expand the basket of zero-rated value-added tax (VAT) items after it was hiked by 1 percentage point in last week's budget, the minister of ...

JOHANNESBURG, Feb 22 (Reuters) - South African retailer Woolworths Holdings' chief executive said on Thursday he did not believe a hike in value added tax (VAT) would have a negative impact on ...