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South Africa’s VAT Increase Proposal: Balancing Revenue and Economic Impact

Finance Minister, Enoch Godongwana, proposed raising the value-added tax (VAT) from 15% to 17% to address a significant budget deficit. This proposal led to a cabinet rift, resulting in the unprecedented postponement of the national budget presentation. Proponents argue that increasing VAT would generate essential revenue and is more efficient than other taxes. However, critics… Read More »South Africa’s VAT Increase Proposal: Balancing Revenue and Economic Impact The post South Africa’s VAT Increase Proposal: Balancing Revenue and Economic Impact first appeared on iAfrica.


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