Vat
WATCH LIVE: Tito Mboweni's Budget Speech 2020
Finance Minister Tito Mboweni is delivering his Budget Speech in the National Assembly.
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Budget 2020: ‘It’s time to get our house in order’
In his traditional pre-Budget briefing in Parliament on Wednesday afternoon, Finance Minister Tito Mboweni made it clear – it’s time for a reality check, and it’s time to make sacrifices.
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Struggling to cope, South Africans can’t afford tax increases - Outa
The government is battling lower revenues and rising debt in a recession-hit economy.
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R11bn in outstanding VAT refunds to help stimulate economy, says Mboweni
Mboweni suggested the R11 billion in outstanding VAT refunds that will now be repaid will help stimulate the economy and says other measures to stimulate the economy could give consumers some relief.
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MTBPS 2018: Additions to the zero-rated items list
As from 1 April 2019, VAT will no longer be charged on these items.
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[ANALYSIS] To zero-rate, or not to zero-rate: the complex VAT debate
South Africans debating the zero-rating of certain products for VAT purposes must realise it isn't a panacea for poor people and should be accompanied by other policies.
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[ANALYSIS] Zero-rated VAT items: How SA is going about expanding the list
South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from Value Added Tax (VAT).
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Economist calls for poultry products to be added to zero rated VAT items
Economist Muneer Hassan says food items people consume daily should have also been listed.
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City Power to ‘intensify’ efforts to recover unpaid electricity tariffs
The utility will start the 2018/2019 financial year with a R1.2 billion deficit and says it needs to collect about R3 billion in unpaid tariffs to regain stability.
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Does zero-VAT rating of food items help those needing money most?
Judge Dennis Davis was addressing Parliament’s Standing Committee on Finance, which Wednesday held hearings on the VAT rate hike from 14 to 15% that came into effect this month.
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South Africans urged to budget as VAT increase comes into effect
Economist Azar Jammine says the other issue is that personal tax rates are also increasing.
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[LISTEN] How to survive the VAT increase
Frank Magwegwe, founder of ThrivenFinancial Wellness says consumers can cut down on unnecessary spending and must also look at other ways to make an additional income.
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Consumers grapple with price hikes on several fronts
The week is expected to put immense pressure on consumers’ pockets as price increases will affect basic necessities such as food, clothing and transport.
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Economists: VAT increase will hit consumers hard
Some economists have advised that consumers turn to food items which have zero vat implications.
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Three top retailers stick to plans despite VAT hike
Retailers Woolworths, Massmart and Truworths International are sticking to their investment plans.
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Gigaba announces VAT hike, R85bn cut in govt spending
Delivering his Budget speech, Malusi Gigaba’s also announced that R57 billion will be spent over the next three years to phase in fee-free higher education.
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Sars reveals tax revenue collection doubled in last decade
The revenue service released the Tax Statistics Bulletin for 2017 on Tuesday morning, where it revealed that collection had grown by over R74 billion year on year.
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OPINION: #Budget2016 - Is there room to pay more taxes?
Anthea Scholtz calls for a careful balance between ‘spending’ and ‘revenue-generating’ activities.
