Minister of Finance Enoch Godongwana has made a 180-degree turn on the value-added tax (VAT) hike proposed in the 2025 budget ...

South Africa's government faces a daunting challenge as it scrambles to fill a R75 billion revenue gap after scrapping a proposed VAT increase, a decision that could jeopardise essential services like ...

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

When the 20 per cent VAT hike threatened to up one family's bills by £5,000 a year, they decided to join the rising numbers ...

South African government bonds extended gains on Thursday after the National Treasury scrapped plans for a tax increase that ...

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

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

EPPO targets a criminal network accused of using shell companies and fake invoices to dodge VAT and launder millions through ...

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 ...

Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...