In a media statement issued on its website in the middle of the night, the National Treasury announced the reversal of the ...

Finance Minister Enoch Godongwana has scrapped the 0.5% Value Added Tax (VAT) hike that was set to kick in on May 1. VAT will ...

The planned VAT hike had been challenged in court. Godongwana had argued in court papers that failure to raise the VAT would ...

After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...

In an overnight media statement, the Treasury announced that Finance Minister Enoch Godongwana would be reversing the ...

The proposed VAT increase has been reversed. National Treasury issued a statement after midnight to say that the Value-Added ...

The Minister of Finance, Enoch Godongwana, will soon formalise measures to reverse the highly contested and reviled VAT hike ...

South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry ...

Treasury has reversed its decision to increase the Value-Added Tax (VAT) which was due to kick in on the 1st of May.

The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...

The finance ministry in a midnight announcement said the decision was informed by consultations with political parties ...

This was confirmed in an overnight media statement by the National Treasury, which said that VAT would remain at 15%.