10 h. ago SARS forges ahead with 0.5% VAT hike despite DA legal challenge

SARS makes provisions to go ahead with the 0.5% VAT increase on May 1.

Politics

33 h. ago South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty

The Democratic Alliance (DA) has taken legal action against the South African government’s 2025 budget, challenging the constitutionality of its approval process and seeking to block a proposed value-added tax (VAT) hike. The DA, the second-largest party in the fragile ruling coalition, opposed the fiscal framework passed by Parliament, calling the process procedurally flawed. The… Read More »South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty The post South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty first appeared on iAfrica.

Politics

3 d. ago Finance Committee report recommends VAT, Tax hike alternatives

The committee report will be tabled in the National Assembly on Wednesday.

Politics

6 d. ago Ramaphosa confident 2025 Budget will pass despite VAT dispute

Ramaphosa confident budget will pass despite VAT hike opposition in Parliament.

Politics

3 w. ago South Africa’s 2025 Budget Sparks Public and Political Debate

South Africa’s Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year, with an additional 0.5% hike planned for 2026. This measure aims to address urgent revenue needs amidst ongoing political negotiations within the Government of National Unity (GNU). However, critics argue that higher taxes could… Read More »South Africa’s 2025 Budget Sparks Public and Political Debate The post South Africa’s 2025 Budget Sparks Public and Political Debate first appeared on iAfrica.

Politics

3 w. ago No parties objected to VAT hike in Budget consultations: Ntshavheni

Ntshavheni says the opposition of the DA does not stem from concerns over a VAT increase

Politics

3 w. ago Most political parties reject Godongwana’s budget over 0.5% VAT hike

Finance Minister has tabled a budget that proposes hefty tax increase on alcoholic beverages

Politics

3 w. ago Smokers And Drinkers Face Higher Sin Taxes As Godongwana Tables 2025 Budget

Smokers and drinkers will once again feel the pinch, despite tough economic conditions and a planned VAT hike to 15.5%. During the presentation of the 2025 budget on Wednesday, Finance Minister Enoch Godongwana announced immediate increases in excise duties on alcohol and tobacco products, averaging 6.75%. Cigar enthusiasts will be particularly affected, with a hefty… Read More »Smokers And Drinkers Face Higher Sin Taxes As Godongwana Tables 2025 Budget The post Smokers And Drinkers Face Higher Sin Taxes As Godongwana Tables 2025 Budget first appeared on iAfrica.

Events

3 w. ago Godongwana Opts For Modest VAT Hike To Stabilize Finances Amid Political Pushback

Finance Minister Enoch Godongwana has delivered a balanced but contentious 2025/26 budget by introducing a 0.5-percentage-point VAT increase for two years and effectively raising personal income taxes by not adjusting tax brackets for inflation. Together, these measures will generate R46 billion, designated to cover higher-than-expected public servant salaries, welfare grants—including the R370 poverty relief grant—critical… Read More »Godongwana Opts For Modest VAT Hike To Stabilize Finances Amid Political Pushback The post Godongwana Opts For Modest VAT Hike To Stabilize Finances Amid Political Pushback first appeared on iAfrica.

Politics