South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of ...

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...

AED 1,000 late filing penalty for the first missed return, increasing to AED 2,000 for each subsequent quarter ...

The court order also suspended the VAT increase until Parliament adopts legislation declaring the withdrawal of the VAT hike ...

The Democratic Alliance (DA) has welcomed the Western Cape High Court’s decision to suspend the proposed VAT increase, ...

The Western Cape High Court ruled that the fiscal framework that Parliament adopted must be set aside, formally suspending a ...

The Western Cape High Court officially suspended the VAT increase in South Africa, with only a few days to spare. The Court ...

The 0.5 percentage point VAT increase has been suspended. The ruling was made in the Western Cape High Court on Sunday ...

The VAT conundrum is a self-created crisis that Treasury should have avoided, according to Ben Cronin, who specialises in tax ...

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

Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...

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