“The VAT Act requires a Rate Bill to be passed by Parliament for the proposed VAT increase to become effective.” He also pointed out that such legislation is typically finalised in October, based on ...

Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase ...

“To raise the revenue needed, the government proposes to increase the VAT rate by half- apercentage point in 2025/26, and by ...

By Joshua Worlasi AMLANU A tax expert has said government’s plan to reform the value added tax (VAT) regime could simplify ...

Explore the implications of the upcoming VAT increase in South Africa, its impact on consumers and businesses, and how technology can aid compliance.

South African consumers brace for a significant impact at the checkout as Finance Minister Enoch Godongwana's 2025 Budget ...

JOHANNESBURG - Finance Minister, Enoch Godongwana, has proposed gradually increasing South Africa's VAT rate from 15% to 16% over the next two years. This move aims to stabilise the country's finances ...

"Business and civil society groups express concerns over the government's planned VAT increase, warning of its potential ...

Finance Minister Enoch Godongwana's new proposal will raise the VAT rate to 15.5 percent and add 28 billion rand to the ...

Explore how South Africa's proposed 16% VAT rate stacks up against global standards and what it means for consumers.

The wording of the draft legislation giving effect to the expansion of the zero-rated value-added tax (Vat) list has caused ...

A national protest has been organized by various restaurant associations in Bulgaria against the government's decision to reintroduce a 20% VAT rate for the industry. The protest is scheduled to begin ...