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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South African rand stable after VAT hike withdrawn, markets await budget clarity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 · 17h

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.

7h

Good news about VAT increase

The Western Cape High Court ruled that the fiscal framework that Parliament adopted must be set aside, formally suspending a ...

Business Day13h

Tax Reform Bill: Real estate transactions will be exempted from VAT, Oyedele assures

When the Tax Reform Bill becomes law, real estate transactions will be exempted from Value Added Tax (VAT), Taiwo Oyedele, ...

WATCH: Suspension of VAT increase ‘necessary intervention,’ Malema says

Malema also called for the resignation of Enoch Godongwana and National Treasury Director-General Duncan Pieterse.

Court halts VAT increase, parly fiscal approval overturned

The Western Cape High Court has suspended the planned increase in Value Added Tax (VAT), which was set to begin next month, ...

EWN53m

EFF calls for Godongwana's resignation following court order suspending VAT increase

National Treasury was dealt another blow after the Western High Court set aside the fiscal framework and nullified the VAT ...

East Coast Radio5h

High Court suspends VAT hike, keeps rate at 15%

The Value Added Tax (VAT) hike will no longer come into effect on Thursday. The Western Cape High court suspended the 0.5% ...

TechFinancials on MSN1d

VAT Hike Showdown: Can SA Reverse It Before Deadline?

South Africa faces a last-minute legal showdown over the controversial VAT hike, with Finance Minister Enoch Godongwana’s ...

Mixed reaction to VAT court ruling

The court order also suspended the VAT increase until Parliament adopts legislation declaring the withdrawal of the VAT hike ...

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