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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.
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 South African Revenue Service (Sars) has warned consumers to be vigilant of businesses who could charge them a 15.5% value-added ...
JOHANNESBURG - The High Court in the Western Cape has suspended Finance Minister Enoch Godongwana’s announcement of 0.5 ...
SARS has broken down what the reversal in the VAT hike means for businesses, even if the reversal is still not guaranteed.
The EFF had argued that the adoption of the fiscal framework by both houses was central in the unlawful process to ultimately ...
Tech Xplore on MSN2d
A green technology for the closed-loop recycling of vat dyed textilesIt is becoming harder and harder to ignore the environmental costs of textiles, and demand is still growing by leaps and ...
The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker ...
The South African on MSN2d
VAT Freeze: What it means for the price of basic goods in SASouth Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...
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