VAT to increase to 16% by 2026

Zuko Komisa South Africa’s value-added tax (VAT) will increase to 16% by 2026/27, with phased increases announced by Finance Minister Godongwana. This is part of a broader plan to raise revenue through various tax measures. While acknowledging the debate around VAT’s impact, the Minister emphasised the need for economic growth. … Continue reading VAT to increase to 16% by 2026