Godongwana flagged plans to hike value-added tax, without saying it would raise the rate by two percentage points to 17%.

Proposed budget contains income tax relief to limit the impact on the poor, while more necessities can be zero-rated and ...

The White House has insisted that its new tariffs would equalize the ability of the U.S. and foreign manufacturers to compete ...

President Trump on Thursday directed federal agencies to study reciprocal tariffs aimed at matching taxes and other economic ...

A 2% increase on the VAT would have raised the VAT to 17%, however, the proposal was widely rejected during an emergency ...

VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to ...

South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed ...

Following Germany-wide implementation of the Value-Added Tax (VAT) App on January 1, the realized savings for customers ...

Poor and middle class consumer will bear the brunt if VAT is increased by 2% on 12 March. Economists warn consumers are ...

A third of parents with children in private education plan to move abroad because of VAT fees, with one in ten doing so to ...

If you bear in mind that a big chunk of the goods in the inflation basket, and services, are subject to Vat, it naturally ...

For the time being, South Africans can breathe a little easier, as the 2% increase would have a short-term negative impact, ...