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South Africa withdraws planned VAT hike

BusinessTech · 3h

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.

Reuters on MSN · 3d

South Africa withdraws planned VAT hike after political pushback

South Africa has abandoned plans to increase value-added tax from May 1, the finance ministry said on Thursday, after the proposed hike faced opposition from political parties and led to investor fears that the coalition government could split.

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.

Western Cape High Court orders scrapping of the 0.5% VAT increase

Despite Enoch Gondongwana's recent announcement that the VAT hike has been reversed, the court ruled in favour of the DA and EFF.

3d

South Africa Ditches Tax Hike That Tested Coalition Government

South Africa’s National Treasury plans to scrap a proposed tax increase that threatened to rupture the nation’s coalition ...

Date set for court ruling on VAT hike, and Ramaphosa and Mashatile under threat

Good news at South Africa’s ports: The port of Richards Bay has achieved record volumes in the past financial year, driven by ...

Daily Maverick on MSN5d

Court battle unfolds as DA and EFF unite against controversial VAT increase

The DA and EFF’s challenge to Finance Minister Enoch Godongwana’s looming VAT increase is being heard in the Western Cape ...

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