Discover how Finance Minister Enoch Godongwana's Budget Speech impacts your finances, from VAT increases to social grants.

South Africa has entered uncharted waters following deep divisions in the coalition government over the national budget that ...

These propositions have ranged from various approaches to implementing a direct or indirect wealth tax, such as reducing ...

The House of Reps Committee on Finance has amended some provisions of Tinubu's tax Bill to incorporate some concerns of ...

Minister Khumbudzo Ntshavheni accuses the DA of using VAT increase concerns as a smokescreen to challenge the Expropriation ...

One of the most notable changes is the increase in Value-Added Tax (VAT), which will rise from 15% to 15.5% on May 1, 2025, with another 0.5% increase coming in 2026.

South Africa's budget faces opposition as political parties debate a crucial increase in value-added tax. Finance Minister ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a ...

THE 2025 Budget maintains fiscal consolidation while acknowledging risks. It supports economic growth through increased infrastructure investment and manages spending pressures with a phased VAT rise ...

ONE of the biggest issues with the budget every year is that South Africa is not investing in growth-enhancing initiatives with a significant proportion of the budget going to paying off debt and ...

Indonesia's tax revenues in the first two months of 2025 were hit by falling commodity prices like coal, nickel and crude oil, as well administrative changes in the way income and value added taxes ...