The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS), highlighting that the agency collected over R900 billion in…
Browsing: VAT
Godongwana to table third 2025 budget after VAT U-Turn Finance Minister Enoch Godongwana will present a third version of the 2025 national budget on May 21,…
The Western Cape High Court has ordered the suspension of the planned VAT increase until Parliament passes legislation to formally reverse the decision. The ruling…
South Africa’s ruling African National Congress (ANC) has abandoned its proposal to raise value-added tax (VAT) by 0.5%, following resistance from political parties within the country’s…
The ANC is advocating for a formal, rules-based agreement to stabilize the coalition government and prevent future disputes, as negotiations with other political parties continue. The…
A function of Wednesday’s mini-budget was an surprising ‘additional’ R83.5 billion in tax revenues. FILE: South African Revenue Service (Sars) Commissioner Edward Kieswetter. Picture: @sarstax/Twitter. Bruce…