The scrapping of the VAT hike offers inflation relief, but leaves South Africa's government facing a significant revenue ...

South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry ...

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

In an overnight media statement, the Treasury announced that Finance Minister Enoch Godongwana would be reversing the ...

The Minister of Finance will shortly introduce the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill), which proposes to maintain the Value-Added Tax (VAT) rate at 15 per ...

The proposed VAT increase has been reversed. National Treasury issued a statement after midnight to say that the Value-Added ...

The finance ministry in a midnight announcement said the decision was informed by consultations with political parties ...

The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...

South Africa will not increase its value-added tax (VAT) from May 1, the finance ministry said on Thursday, after the ...

This was confirmed in an overnight media statement by the National Treasury, which said that VAT would remain at 15%.

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 ...

A 2 percentage point (pp) rise in the value added tax (VAT) rate to 21%, along with an increase in other tax rates, is ...