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

The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened the country's coalition government.

The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity ...

The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...

The European Union won’t negotiate changes to its value-added taxes or agricultural subsidies as part of trade discussions with the U.S., the bloc’s economy commissioner said early Wednesday. “We do ...

Various organisations have welcomed the National Treasury’s withdrawal of the proposed value-added tax (VAT) increase of 0.5 percentage points this year and next and that VAT will be maintained at 15% ...

Majority of the smaller parties in the Government of National Unity have slammed the Democratic Alliance for claiming the ...

Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...

Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...

Kyle Mandy, tax partner at PwC, says that Section 7 (4) of the Vat Act operates as the law stands now because the minister ...

Finance Minister Enoch Godongwana has scrapped the proposed VAT hike, and while many are celebrating, they're also suggesting ...