Finance Minister Enoch Godongwana has pushed ahead with ‘the difficult decision’ to propose a VAT hike in his reworked 2025 Budget Speech delivered yesterday (Wednesday).

Divisions over elements of the budget means the finance minister will need support from a range of political parties to get ...

Trade union Solidarity has described Treasury’s proposal to increase value-added tax by 1% over the next two years as ...

The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will ...

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a ...

In light of new and persistent spending pressures in health, education, transport and security, government has decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...

It comes amid the nation’s ambitious tax reform agenda, spearheaded by the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele. In 2023, President Bola Ahmed Tinubu ...

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a ...

THE 2025 Budget maintains fiscal consolidation while acknowledging risks. It supports economic growth through increased infrastructure investment and manages spending pressures with a phased VAT rise ...

ONE of the biggest issues with the budget every year is that South Africa is not investing in growth-enhancing initiatives with a significant proportion of the budget going to paying off debt and ...

Indonesia's tax revenues in the first two months of 2025 were hit by falling commodity prices like coal, nickel and crude oil, as well administrative changes in the way income and value added taxes ...