05/28/2025
VAT increase warning for South Africa
To compensate for this revenue loss, Godongwana cut some spending in the outer years of the MTEF and hiked the fuel levy to raise additional cash.
05/28/2025
To compensate for this revenue loss, Godongwana cut some spending in the outer years of the MTEF and hiked the fuel levy to raise additional cash.
05/23/2025
The taxpayer in question is a successful businessman who owns several companies.
05/21/2025
South Africa’s Finance Minister Enoch Godongwana will deliver his third version of the budget to lawmakers at around 2 p.m. in Cape Town.
05/21/2025
No new taxes, except a possible fuel levy hike, say analysts.
05/20/2025
Most budget previews anticipate a much lower growth forecast, a wider budget deficit, sizeable cuts to spending programmes, and a host of smaller tax changes to make ends meet.
05/20/2025
News platforms in South Africa have suffered significant losses over the last decade or so as the distribution of news content has become digital.
05/20/2025
South Africa’s well-respected tax framework enriched by robust international treaties, creates a transparent and secure environment ripe with opportunities for growth and prosperity in the region.
05/15/2025
The minister of finance must consider various ways of raising revenue to plug the hole in Budget 3.0, but a wealth tax is not one of them.
05/14/2025
The additional assessment was only placed on his profile at a later stage and could be verified as authentic.
05/01/2025
This new levy is expected to bring in over half a billion rand, but it will come at a steep cost to residents already struggling with high municipal bills.
04/28/2025
It ruled that the increase in VAT is suspended pending the passing of legislation regulating the VAT rate.
04/28/2025
Despite receiving support to narrowly pass the budget in parliament, the minister reversed his decision following widespread public criticism of the move and effectively withdrew the budget.
04/25/2025
Sanisha Packirisamy, Economist at Momentum Investments, said that the rolling back of VAT will bring some relief to consumers, but warned that taxpayers are still on the hook for R18 billion.
04/24/2025
Relief sought by DA and EFF ‘lacks merit’ – Godongwana.
04/24/2025
This is in place of the proposed 0.5 percentage point increase to VAT announced in the Budget in March and passed in the fiscal framework earlier in April.
04/17/2025
The increase is scheduled to take effect on May 1.
04/16/2025
The latest VAT phishing scam goes beyond banking clients and target anyone with an account or subscription where VAT is payable.
04/14/2025
The report’s adoption is the first of several steps in implementing the controversial 2025 budget, with the tabling of the Tax Amendment Bill to follow.
04/11/2025
It’s essentially where they’ve stated that you have now in 2022 done your tax emigration by way of obtaining a tax clearance of emigration PIN [Tax Compliance Status PIN number], but this PIN is no longer as such.
04/11/2025
Set up to analyse fiscal policies, the PBO says the Treasury is oblivious to the country’s growing inequality