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VAT, South Africa

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

By Karin Strohecker and Colleen Goko WASHINGTON (Reuters) -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,

BusinessTech · 3h

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 · 14h

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National Treasury's proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch Godongwana introduces the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill) to Parliament.

5hon MSN

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

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 on MSN7h

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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 MSN4h

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 ...

News2419h

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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