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.

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

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

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

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 ...

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

Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...

Despite being a GNU partner, the DA took its bid to reject the 0.5 percentage point VAT hike to the Western Cape High Court – ...

Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...

Various organisations have welcomed the National Treasury’s withdrawal of the proposed value-added tax (VAT) increase of 0.5 percentage points this year and next and that VAT will be maintained at 15% ...

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

Finance Minister Enoch Godongwana has scrapped the proposed VAT hike, and while many are celebrating, they're also suggesting ...