If Parliament passes the 2025/6 budget, the VAT rate will go from 15% to 15.5% on 1 May this year. This means that the price ...

This steep rise in daily costs, combined with stagnant wages, creates immense challenges for South African families.

For retailers and brands wanting to meet the South African consumer in the moment, it’s crucial to grasp how important ...

The VAT increase to 15.5% will happen even if the 2025 Budget in its current form does not pass through parliament.

South Africa faces a critical moment as Parliament debates the controversial budget proposal featuring a 0. 5% VAT increase.

With an increase in Value Added Tax (VAT) announced during the recent Budget Speech, here is a breakdown of what exactly VAT ...

While politicians celebrate their "compromise" of a phased 1% VAT hike over two years instead of an immediate 2% increase, ...

Rates vary widely, with VAT at 7% in Thailand, 14% in Egypt, 15% in Ethiopia, 18% in Uganda, 19% in Algeria, 20% in the United Kingdom and as high as 27% in Hungary. In South Africa this year ...

VAT is a crucial source of revenue for the South African government, accounting for approximately 25% of total tax revenue. The South African Revenue Service (SARS) collects VAT on behalf of the ...

South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political ...

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