VAT, budget and South Africa

South Africa's budget remains stuck as parties reject reduced VAT hike
A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political parties, even though a proposed increase in value-added tax was sharply reduced.
VAT hike: The harsh reality for millions of South African households
Finance Minister Godongwana's proposed VAT increases could severely impact 36 million South Africans living in low-income households. Discover how the government plans to protect vulnerable families through expanded zero-rated food items and what this means for daily survival.
South Africa Budget: South Africa's VAT hike plan faces strong opposition, budget remains stuck
South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance. Watch this report for more details!
South Africa proposes smaller VAT hike in revised budget, disagreements remain
South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at smoothing divisions in the ruling coalition, but uncertainty remained over whether it would get the support in parliament to pass.
2025 budget breakdown: experts discuss VAT hikes and economic implications for South Africa
Discover how South African experts are reacting to the 2025 Budget Speech, highlighting concerns over VAT increases, youth employment, and the implications for education funding.
S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.
South African rand weakens as budget disagreements remain
The South African rand fell on Wednesday as disagreements in the ruling coalition persisted despite the finance minister scaling back the size of a contentious tax hike in a revised budget. The budget has been the biggest test so far of South Africa's fractious coalition politics,
EU Tax Chief Disputes Trump’s Claim That VAT Is a Trade Barrier
The European Union’s tax chief said that the bloc’s use of value-added taxes shouldn’t be part of the trade tensions with the ...
What Happens When You Fail To Charge Or Overcharge VAT?
This article explores common VAT misconceptions, clarifies the applicable rules, and provides practical guidance on how ...
The Citizen20h
VAT increase ‘a painful blow’ to millions
While government defends the VAT increase, critics say it will hurt the poor, worsen debt, and strain the healthcare system.
Legit.ng on MSN10h
Lawmakers Approve Tax Reform Bill, modify VAT charge, sharing formula
The lawmakers considered the recommendations clause-by-clause, after the committee chairman James Falake moved the motion.
Jacaranda FM12h
VAT increase 'carefully considered' – Mbalula
African National Congress Secretary General Fikile Mbalula says the proposed increase in value-added tax was a carefully ...
The Citizen12h
Budget 2025 VAT exemptions show Treasury’s disconnect with poor people
Many people buy offal to eat because they cannot afford better cuts of meat. Budget 2025 just emphasises the inequality in ...
EWN22h
National Treasury: Reducing VAT increase means govt will have less money for rainy days
Finance Minister Enoch Godongwana raised VAT to 0,5 % in this financial year - and says he plans to hike it by the same ...
Fleet News13h
Government urged to halve VAT on new electric vehicles
SMMT argues the move would convert ‘electric sceptics’ and boost plug-in registrations by 15%, helping manufacturers achieve ...
The Island2h
MP Nalin Bandara opposes VAT on eggs
SJB Kurunegala District MP Nalin Bandara Jayamaha has called on the government to remove the VAT imposed on eggs. Speaking during the third reading debate on the 2025 budget, under the expenditure ...