SARS has announced the cancellation of the planned VAT increase, following Finance Minister Enoch Godongwana's decision to ...

AJM Tax director Leonard Willemse said consumers who had been charged 15.5% since the announcement of the VAT hike will be ...

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

National Treasury and Finance Minister Enoch Godongwana’s early morning announcement, made through a media statement, that he ...

“The decision to forgo the increase follows extensive consultations with political parties, and careful consideration of the ...

They highlighted high interest rates on bank loans, lack of access to finance, higher VAT and tax rates and its complex ...

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

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

Renowned economist Dawie Roodt said the state collected nearly R10 billion more in taxes than expected, which means it does ...