Connecting the dots between the hike in South Africa’s VAT and inflation
By: Jannie Rossouw, University of the Witwatersrand South Africa is bracing itself for the first increase in Value Added Tax (VAT) in many years. The hike is part of the government’s efforts to contain a budget deficit. VAT is set to increase by one percentage point – effectively a 7.14% increase – from 14% to 15% on April 1st. VAT is an indirect tax that is […]