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VAT, South Africa

Reuters on MSN · 5h

South Africa's finance minister says he won't resign after VAT U-turn

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit.

BusinessTech · 5h

Big question over VAT reversal in South Africa

With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), legal experts have warned this doesn’t mean it’s a done deal.

AllAfrica on MSN · 17h

South Africa: Proposed VAT Increase to Be Reversed

National Treasury's proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch Godongwana introduces the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill) to Parliament.

15hon MSN

ANC U-turn over tax that threatened South Africa's government

The finance minister has warned that spending cuts or a rise in other taxes could follow.

The South African on MSN9h

VAT Freeze: What it means for the price of basic goods in SA

South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...

Briefly on MSN7h

Democratic Alliance Celebrates VAT Hike Reversal, Political Parties Maintain It Wasn’t DA Alone

The Democratic Alliance claimed victory for the reversal of the VAT increase, but other political parties are not impressed ...

Treasury scraps controversial VAT hike — government faces R75bn cuts instead

After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...

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