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South Africa’s finance ministry has decided not to increase VAT from 15% as planned due to political opposition. This decision will result in a significant revenue shortfall of approximately 75 …
South Africa Reverses Planned VAT Increase Amid Political Opposition Read More
The South African finance ministry has announced there will be no increase to value-added tax (VAT) slated for May 1, as initially proposed in the 2025 budget. The decision follows …
South Africa Withdraws Planned VAT Increase Amid Political Opposition Read More
Finance Minister Fernando Haddad expects a fiscal impact of $4.75 billion from the proposed income tax exemption in Brazil, which will be offset by compensatory measures. Brazil’s Finance Minister Fernando …
Brazil’s Finance Minister Projects $4.75 Billion Impact from Tax Exemption Proposal 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
Ghana’s new government has decided to abolish several COVID-era taxes linked to IMF financing, including a one-percent levy on mobile money transfers and a VAT on motor vehicle insurance. Finance …
Ghana Eliminates COVID-Era Taxes to Ease Economic Burden on Citizens Read More