VAT, Africa and smaller hike

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.
Budget 2025 | SACP slams 'regressive' VAT hike, proposes wealth tax to protect poor South Africans
The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will disproportionately burden the poor while suggesting alternative measures including a wealth tax on the richest 20% of society.
How a 0.5 percent point VAT increase will squeeze South Africans
A 0.5 percent point VAT increase may seem like a small adjustment, but even the tiniest hike puts pressure on an already unstable SA economy.
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.
South Africa proposes smaller VAT hike to end budget impasse
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!
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 ...
ANCYL expresses disappointment over VAT hike and demands tax justice
ANCYL criticises the proposed VAT hike, warning it will disproportionately affect vulnerable communities and calls for urgent ...
The Citizen7h
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.
VAT Group: Richly Valued Heading Into An Uncertain But Positive CapEx Investment Cycle
Valuation is where things get difficult. VAT Group is a near-monopoly supplier of key, highly engineered equipment, and it ...
Fleet News3h
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 ...
EWN9h
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 ...
East Coast Radio1h
Black Sash slams VAT hike impact on grant recipients
Human rights group Black Sash says the proposed VAT hike places an unfair burden on social grant recipients who are already ...
Business Matters1h
Taxi firms crowdfund final legal push against Uber over VAT on fares
Two British taxi firms are crowdfunding to fight Uber over VAT on rides. The Supreme Court case could add 20% to fares ...
Budget crisis: Ntshavheni slams DA's 'political ransom' over VAT and Expropriation Act
Minister Khumbudzo Ntshavheni accuses the DA of using VAT increase concerns as a smokescreen to challenge the Expropriation ...