Value Added Tax
latest news & developments
Unequal society burdens South Africa’s tax system, says Sars head
Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance
High court suspends VAT hike
The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker of the National Assembly and the Chairperson of the…
Hlabisa calls for stability as VAT fallout threatens to capsize GNU
The Inkatha Freedom Party president said the VAT debate should not be weaponised to derail the coalition government’s primary mandate of ensuring economic stability and service…
Budget 2.0: Political parties divided over VAT hike, albeit lower than initial proposal
The Democratic Alliance said the budget would struggle to pass in parliament, given the ANC’s lack of a majority
Steenhuisen reiterates DA opposition to tax hikes
His party would have yielded if any increases were guaranteed to be temporary and tied to an overhaul of state spending patterns
Godongwana: We looked at every alternative to VAT hike
The finance minister suggests that much of the opposition wrangling is part of a broader political battle
Budget impasse down to the wire
Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
The National Health Insurance means a higher tax burden for South Africans
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
Food cost crisis: Is zero-rating the answer?
Food prices are too high for some households to bear but more targeted relief might have a greater impact
OECD: How South Africa can afford the R350 grant permanently
In its economic survey, the OECD recommends increasing VAT or broadening the base of corporate and personal income taxes to pay for the grant
Tobacco farmers want the taxman to do more to control illegal cigarette trade
The Black Tobacco Farmers’ Association the introduction of a minimum price level for cigarettes
Blockchain tech can raise tax revenues
But the South African Revenue Service doesn’t yet have the skills and multiple users to adopt it
Tito’s budget tries to boost economic growth and arrest debt
Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%
Funding a vaccine will tax our limits
VAT should not be hiked, but a once-off levy on mineral resources or a solidarity tax seems likely
Taverns hit hard by liquor ban
About R8-billion was lost during the hard lockdown and revenue is being slashed further