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South Africa withdraws planned VAT hike

Reuters on MSN · 3d

South African rand stable after VAT hike withdrawn, markets await budget clarity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

BusinessTech · 4h

VAT hike officially suspended in South Africa

The Western Cape High Court officially suspended the VAT increase in South Africa, with only a few days to spare. The Court announced that the VAT increase of half a percentage point on 1 May 2025 and the second half-a-percentage-point increase in April 2026 are suspended.

Devdiscourse · 2d

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.

‘Make sure you’re charged correct VAT rate from May 1’

The South African Revenue Service (Sars) has warned consumers to be vigilant of businesses who could charge them a 15.5% value-added ...

High court suspends VAT adjustment, sets aside fiscal framework adoption

The EFF had argued that the adoption of the fiscal framework by both houses was central in the unlawful process to ultimately ...

High Court suspends VAT hike pending new legislation

JOHANNESBURG - The High Court in the Western Cape has suspended Finance Minister Enoch Godongwana’s announcement of 0.5 ...

BusinessTech16h

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.

Decision to revers VAT has implications for vendors and consumers – SARS

Vendors are expected to charge VAT at the rate of 15% and not 15.5% for the relevant goods and services as per the VAT Act.

The Mail & Guardian6h

High court suspends VAT hike

The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker ...

Tech Xplore on MSN2d

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 ...

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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