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The South African Parliament has passed the 2025 Budget, which includes a contentious VAT increase. It was approved by a narrow margin, with 194 votes for and 182 against. Finance …
South African Parliament Passes 2025 Budget Despite VAT Hike Controversy Read More
South Africa’s lawmakers will review the 2025 budget soon, after the proposed VAT hike was largely rejected. Finance Minister Enoch Godongwana’s plan faces scrutiny, with only limited time for approval …
Scrutiny Ahead: South Africa’s Budget and VAT Increase Challenges Read More
South Africa’s lawmakers will review the 2025 budget, which includes a debated VAT hike. The budget faced rejection from major parties despite a reduced VAT increase. Lawmakers have three stages …
Examining South Africa’s Budget Review and Proposed VAT Increase Read More
This article discusses Finance Minister Enoch Godongwana’s budget speech emphasizing tax compliance’s importance for South Africa’s economy. It highlights the R3.5 billion allocation to SARS for improving tax technology and …
Navigating South Africa’s Tax Compliance Landscape: February 2024 Budget Insights Read More
South Africa’s 2025 national budget, presented by Finance Minister Enoch Godongwana, faces significant political challenges due to divisions in the coalition government, particularly from the Democratic Alliance. After a month-long …
South Africa’s 2025 Budget Faces Political Turmoil Amid Coalition Divisions Read More
South Africa’s Finance Minister Enoch Godongwana has indicated that the national budget may undergo further revisions following discussions on a contentious VAT increase proposal. Most major political parties oppose the …
South Africa’s Finance Minister Considers Budget Revisions Amid Political Challenges Read More
South Africa’s VAT will increase to 16% by 2026/27, following increments of 0.5 percentage points in 2025 and 2026. Finance Minister Enoch Godongwana justified the tax hike as necessary for …
South Africa’s VAT Increase: Implications for Essential Services and Households Read More
South Africa’s Finance Minister Enoch Godongwana remarked that the national budget may be further adjusted as political discussions continue over a proposed VAT increase. Major parties, particularly the Democratic Alliance, …
Potential Adjustments to South Africa’s Budget Amid Political Discussions Read More
On Wednesday, South Africa’s Finance Minister Enoch Godongwana revealed a revised budget, proposing a staggered VAT increase to 16% by 2026/27, which was met with strong opposition led by the …
South Africa’s Revised Budget Faces Backlash Despite VAT Reduction Read More
South Africa plans to invest over 54.5 billion USD on public infrastructure over the next three years to stimulate economic growth. Minister of Finance Enoch Godongwana presented the budget, emphasizing …
South Africa Announces 54.5 Billion USD Infrastructure Investment Plan Read More