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An 18.5% VAT rate and other new taxes that could fund South Africa’s NHI

Assuming R165 billion is enough, the foundation said that this amount would require:

A 2.75% payroll tax;
A 2.75% surcharge on income tax;
A 3.5 percentage point increase in the VAT rate – from 15% to 18.5%.

Source: businesstech.co.za



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