Vat Rate In South Africa 2025. FASSET Bursary South Africa 2025 VERIFIED CAREERS SOUTH AFRICAN REVENUE SERVICE 13 March 2025 DISCLAIMER These frequently asked questions are issued based on the In his 2025 Budget Speech, Finance Minister Enoch Godongwana announced a proposed incremental increase in South Africa's value-added tax (VAT) rate
South Africa economic outlook Deloitte Insights from www2.deloitte.com
• before 1 May 2025 - a VAT rate of 15% will apply; • on or after 1 May 2025 - a VAT rate of 15.5% will apply The first 0.5 percentage point increase in the VAT rate will take effect on 1 May 2025 and the second 0.5 percentage point increase will take effect on 1 April 2026.
South Africa economic outlook Deloitte Insights
The first 0.5 percentage point increase in the VAT rate will take effect on 1 May 2025 and the second 0.5 percentage point increase will take effect on 1 April 2026. The Budget provides that the VAT rate would be increased by 0.5 percentage points, to 15.5 percent, from May 1, 2025, and by a. This means that by 2026/27, VAT in South Africa will amount to 16 percent.
VAT to drive revenue growth in 2024. The move aims to address persistent spending […] South Africa's Finance Minister, Enoch Godongwana, has announced a phased increase in the value-added tax (VAT) during his 2025 Budget Speech on March 12, 2025
Vat Calculator 2024 South Africa Cara Vittoria. The National Treasury proposes to increase the Value-Added Tax (VAT) rate by 0.5 percentage points twice over the next two financial years The South African Government has announced plans to raise the value-added tax rate, in the nation's newly released Budget