Budget 2025 | Opposition united in fury over VAT hike and reform failures

Coalition takes wrangling over tax in the budget to parliament – The Mail & Guardian

The coalition battle over taxes will move from the political shadows to parliament’s finance committees after Finance Minister Enoch Godongwana insisted on increasing VAT, although he halved his initial proposal of a two percentage point hike. When he delivered it to parliament on Wednesday, Godongwana announced staggered 0.5 percentage point increases in 2025-26 and the following financial year, which will bring the VAT rate to 16% by 2026-27, …

Budget 2025 | Opposition united in fury over VAT hike and reform failures

VAT hike a ‘punch to the gut of already struggling South Africans’

Finance minister Enoch Godongwana opts for a half a percentage point hike in each of the next two years

'On paper, it looks good, but implementation is always key' – PWC Ghana boss on VAT reform

The Country Senior Partner at PWC Ghana has stressed the importance of proper implementation in the government’s VAT reform plans, stating that while the proposed changes look promising on paper, execution will be the true test. Vish Ashiagbor speaking on Joy News’ PM Express Business Edition on Thursday, March 13, he acknowledged that the tax […] The post ‘On paper, it looks good, but implementation is always key’ – PWC Ghana boss on VAT reform…

European Union finance ministers have given the green light to a legislative package that will modify the VAT rules for digital commerce across the region. From 2030, new regulations will enter into force that seek to ease the tax burden on small entrepreneurs and combat fraud in the region. [...] The post The EU approves new VAT reforms for e-commerce and digital platforms appeared first on Ecommerce News.

Godongwana Unveils 2025 Budget with VAT Hikes and Bold Economic Reforms

VAT to increase to 16% by 2026 to fund public services and infrastructure projects. Public infrastructure investment to exceed R1 trillion over the next three years. Social grants increase, with the COVID-19 relief grant extended until March 2026. Finance Minister Enoch Godongwana delivered the 2025 Budget Speech on Wednesday, emphasizing economic growth, fiscal discipline, and public infrastructure investment to drive South Africa’s economic re…