The VAT Act empowers the minister to adjust the VAT rate under specific circumstances without requiring direct parliamentary approval.

The DA claiming victory over the national treasury’s withdrawal of the VAT hike has pitted it against the majority of its ...

The Institute for Economic Justice (IEJ) has welcomed the decision to reverse the VAT hike, which it says is a regressive tax ...

One of my colleague filed VAT returns and incorrectly reclaimed VAT for £2k. It was found out at review by HMRC and was sent CCFS7A notice stating it is for information about any potential next steps ...

Supreme Court held that as per section 13 (7) of the Uttar Pradesh Value Added Tax Act, 2008 [UP VAT Act], input tax credit will not be allowed to a dealer with respect to the purchase of any goods ...

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax ...

The African National Congress (ANC), alongside some of its Government of National Unity (GNU) partners, and a few opposition parties, held a joint media briefing in Sandton following the withdrawal of ...

In South African political parties' mad scramble to claim credit for the VAT increase reversal, DA federal council chair Helen Zille said their court case to prevent a VAT hike was "pivotal" in ...

National Treasury announced that government had backtracked on its plan to raise VAT by 0.5% next month but also warned that tough spending decisions lie ahead to fill a R75 billion budget gap.

Scrapping the VAT increase will slightly affect inflation, but government will have to find the money elsewhere to balance the budget.

Treasury has backtracked on its fiscal framework due to political backlash. The DA and EFF took to the Western Cape High Court earlier this week demanding the proposed VAT hike to be scrapped. The DA ...

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