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Day: April 29, 2025

Government Agrees to Suspend VAT Increase Decision

Cape Town: Finance Minister Enoch Godongwana has agreed to a court order suspending his decision to increase the VAT rate by 0.5 percentage points. The Minister of Finance and the main respondents in the matter, the Democratic Alliance (DA) and the Ec…

SARS Welcomes Suspension of VAT Increase Agreement

Cape Town: The Commissioner of the South African Revenue Service (SARS), Edward Kieswetter, has welcomed the agreement reached between various parties and the court order to suspend the planned 0.5 percentage point increase in value-added tax (VAT). T…

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