Considering the rising cost of living in South Africa throughout 2023, some political parties have called to expand the zero-VAT-rated basket of food items in the country, but Minister of Finance Enoch Godongwana said this would do little to help those who need it.
In a recent parliamentary Q&A, Godongwana was asked whether he would consider expanding the zero-VAT-rated food basket in South Africa as a direct intervention to fight the cost-of-living crisis that is notable by the upward-spiralling high food prices that are squeezing the average South African household.
Source: businesstech.co.za
Latest Posts in "South Africa"
- South Africa Proposes Major VAT Reforms to Modernize Tax System
- SARS Seeks Public Input on Customs Rules for Transfer Pricing Adjustments, Ending October 2025
- South Africa’s New Voluntary Disclosure Programme to Revolutionize Customs and Excise Compliance
- South Africa Prepares Major VAT Reforms
- South Africa’s 5-Corner Peppol Integration to Modernize E-Invoicing and VAT Reporting by 2028
