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South Africa withdraws planned VAT hike

Reuters on MSN · 2d

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

Devdiscourse · 1d

South Africa Withdraws 0.5% VAT Increase: SARS Issues Guidance for Vendors

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into preparing for the anticipated VAT change.

Why did South Africa reverse a VAT increase?

South Africa's finance minister drops plan to increase value-added tax (VAT), in a major climbdown to prevent the collapse of the coalition government. 10,000 illegal settlers reportedly removed from Ghana's largest forest reserve.

What SARS says about the VAT hike reversal

SARS has broken down what the reversal in the VAT hike means for businesses, even if the reversal is still not guaranteed.

The Business Standard22h

Traders call for easier VAT management, improved law and order situation for smooth business operations

They highlighted high interest rates on bank loans, lack of access to finance, higher VAT and tax rates and its complex ...

Tech Xplore on MSN1d

A green technology for the closed-loop recycling of vat dyed textiles

It is becoming harder and harder to ignore the environmental costs of textiles, and demand is still growing by leaps and ...

Vat rewind: Sars outlines next steps

New tax bill and urgent compliance measures rolled out after abrupt policy shift. Edward Kieswetter, Commissioner of the ...

Parliament files affidavit to WC High Court contending Godongwana's powers regarding VAT

Parliament has filed a supplementary affidavit to the Western Cape High Court contending that the minister’s powers regarding ...

How much will groceries cost after proposed food VAT decrease?

The government plans to reduce VAT on food by half a percentage point — to 13.5 percent. But consumers will only save money ...

DA files supplementary affidavit to block the proposed VAT hike

The Democratic Alliance (DA) has filed a supplementary affidavit in the battle against VAT to block the ANC’s proposed 0.5% ...

The South African on MSN2d

VAT Freeze: What it means for the price of basic goods in SA

South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...

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