South Africa’s finance minister wanted to raise VAT

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
What a 2% VAT hike would mean for the average consumer in South Africa
For the time being, South Africans can breathe a little easier, as the 2% increase would have a short-term negative impact, particularly because VAT applies to most goods and services, raising their costs and putting additional strain on consumers' wallets, he adds.
From 10 percent to a possible 17 percent - How South Africa’s VAT rate increased over the years
The delay of South Africa’s 2025 Budget Speech raises concerns over a proposed VAT increase, potentially impacting households across the nation.
South Africa’s fight over VAT raises a key question: who should bear the burden of taxes?
The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its citizens.
VAT blow to South Africa
US President Donald Trump is escalating his global tariff and trade war, this time targeting countries that charge VAT on imports, like South Africa.
South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.
South Africa Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
Coalition bust-up over VAT in South Africa?
South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity.
South African budget delay over VAT hike shows cracks in coalition
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Economists say Treasury could increase Corporate Tax or just borrow more instead of proposed VAT hike
While the hike is suggested as a necessary measure to bolster the national budget, some experts argue there are other ...
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The 2% VAT hike Treasury kept quiet—And why they pushed for it
Godongwana flagged plans to hike value-added tax, without saying it would raise the rate by two percentage points to 17%.
How the proposed VAT hike threatens rural pensioners' survival | Budget 2025
Rural pensioners surviving on R2,190 monthly grants warn that Treasury's proposed 2% VAT increase would devastate their ...
South African rand stable after volatile week
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