south africa vat increase

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South Africa withdraws planned VAT hike

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

BusinessTech · 13h

VAT hike officially suspended in South Africa

The Western Cape High Court officially suspended the VAT increase in South Africa, with only a few days to spare. The Court announced that the VAT increase of half a percentage point on 1 May 2025 and the second half-a-percentage-point increase in April 2026 are suspended.

Devdiscourse · 2d

South Africa Withdraws 0.5% VAT Increase: SARS Issues Guidance for Vendors

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into preparing for the anticipated VAT change.

Good news about VAT increase

The Western Cape High Court ruled that the fiscal framework that Parliament adopted must be set aside, formally suspending a ...

3don MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity ...

The Citizen13h

Western Cape High Court orders scrapping of the 0.5% VAT increase

Despite Enoch Gondongwana's recent announcement that the VAT hike has been reversed, the court ruled in favour of the DA and EFF.

3don MSN

ANC U-turn over tax that threatened South Africa's government

The hike was also opposed by the biggest trade union federation, the Congress of South African Trade Union (Cosatu), which is in alliance with the ANC. Even the head of the government's tax agency ...

BusinessTech5d

Date set for court ruling on VAT hike, and Ramaphosa and Mashatile under threat

Good news at South Africa’s ports: The port of Richards Bay has achieved record volumes in the past financial year, driven by ...

Daily Maverick on MSN5d

Court battle unfolds as DA and EFF unite against controversial VAT increase

The DA and EFF’s challenge to Finance Minister Enoch Godongwana’s looming VAT increase is being heard in the Western Cape ...

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