Proposed VAT increase officially withdrawn Government has officially withdrawn the R20 billion tax increase for Value Added Tax (VAT) that was previously penciled in for the 2026 Budget, to provide ...

Lula has called on Finance Minister Enoch Godongwana to increase the VAT registration threshold for businesses.

South Africans should not expect an increase in VAT to be announced in the Budget speech next week, but a hike is still likely in the works.

As South Africa approaches Budget 2026, the National Treasury faces pressure over a potential VAT hike, a move deemed ...