South Africa’s finance minister wanted to raise VAT

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.
What a 2% VAT hike would mean for the average consumer in South Africa
For the time being, South Africans can breathe a little easier, as the 2% increase would have a short-term negative impact, particularly because VAT applies to most goods and services, raising their costs and putting additional strain on consumers' wallets, he adds.
South Africa’s fight over VAT raises a key question: who should bear the burden of taxes?
The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its citizens.
Highlights of South Africa’s Budget That Stalled on Tax Hike
For the first time since the end of white-minority rule in 1994, South Africa’s annual budget was postponed because of divisions in the governing coalition.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry,
South Africa’s budget postponed for first time after cabinet rift
Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise
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Coalition bust-up over VAT in South Africa?
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Economists say Treasury could increase Corporate Tax or just borrow more instead of proposed VAT hike
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Budget 2025 | 'Jobs, not taxes': DA's campaign against 17% VAT proposal
The Democratic Alliance has launched a nationwide petition challenging the proposed VAT increase, arguing that South Africa's ...