Instead of punishing all South Africans with higher prices for products and services, Sars has intensified tax compliance, in ...

Lula has called for the VAT registration threshold to be increased from R1 million following 16 years of no increases—while ...

The proposal is to have a system that resembles a sales tax by disallowing Vat input claims and to rely solely on the payment ...

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 ...

On Friday, 14 November, the rand was trading at R17.02 to the dollar, R22.37 to the pound and 19.81 to the euro. Oil was ...

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 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 ...

CAPE TOWN (Reuters) -A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political parties, even though a proposed increase in value-added tax ...

Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand South Africa’s 2025-6 budget has been subjected to ...

Dawie Roodt warns a VAT hike above 15% could happen soon because the government can't raise personal or company tax any further. Business group Lula says small businesses already face high costs and ...

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 ...