The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

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

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

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

The Democratic Alliance (DA) on Thursday expressed jubilation at Finance Minister Enoch Godongwana’s reversal of the ...

Finance Minister Enoch Godongwana has announced the cancellation of the proposed VAT increase, a decision welcomed by ...

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

National Treasury’s proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch ...

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

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

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 ...