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DA says pressing forward with challenge to VAT increase
The DA's leadership adds the Rates and Monetary Amounts and Amendment Of Revenue Laws Bill will only be considered and debated in Parliament after 1 April when the increase comes into effect.
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SA's VAT rise won't lead to higher interest rates - SARB
The central bank expects a hike in value added tax (VAT) to lift inflation by around 0.6 percentage points over the coming year.
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Nene: Govt will find ways to cushion VAT hike on poor
Finance Minister Nhlanhla Nene has conceded that the one percentage point hike will hit poor households the hardest.
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Maimane launches petition to oppose VAT hike
Finance Minister Malusi Gigaba announced a one percentage point hike in VAT in his Budget speech this week, a move which has been widely slammed.
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Gigaba slams claims that ‘VAT hike will hurt the poor’
Minister Malusi Gigaba says the tough decisions taken were aimed at helping, rather than hurting, poor people.
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Unions furious with Treasury's move to hike VAT rate
Finance Minister Malusi Gigaba says the government had little option in the matter. It is the first VAT hike in 25 years, and the first by an African National Congress (ANC) government.
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Govt could announce VAT increase in budget speech, says SAIPA
The South African Institute of Professional Accountants says there's a possibility government will announce a VAT increase in the coming budget speech.
