South Africans should not expect an increase in VAT to be announced in the Budget speech next week, but a hike is still likely in the works.

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 ...

JOHANNESBURG, April 14 (Reuters) - For South African beverage company owner, Ndumiso Madlala, the impending value-added tax hike could spell trouble for his small-scale business that makes alcoholic ...

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 ...

SOUTH Africa is staring down the barrel of a 2% VAT increase - from 15% to 17% - in what may be the most contentious fiscal decision in recent history. At face value, this hike is about raising ...

The white paper describes that SARS is modernizing its tax administration platform ‘into an intelligent digital system embedded with data science and artificial intelligence’ that ‘will foster trust, ...

(Bloomberg) -- South Africa’s biggest political party plans a 0.75 percentage-point increase in value-added tax in a revised national budget this month, warning it will approach groups outside the ...

JOHANNESBURG — The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity government after a pushback from various political parties. Finance ...

South African President Cyril Ramaphosa said the National Treasury is looking at all options to avoid having to raise value-added tax but that the prospects for escaping such an increase are dim. The ...

JOHANNESBURG, March 17 (Reuters) - South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to raise ...