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South Africa withdraws planned VAT hike

Reuters on MSN · 3d

South African rand stable after VAT hike withdrawn, markets await budget clarity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 · 2h

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.

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.

3d

South Africa Ditches Tax Hike That Tested Coalition Government

South Africa’s National Treasury plans to scrap a proposed tax increase that threatened to rupture the nation’s coalition ...

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 ...

A R1 billion U-turn: Scrapping the VAT increase leaves no winners, just absolute chaos

The minister of finance announced in a statement loaded on National Treasury’s website at 15 minutes after midnight that the ...

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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