- Service providers in South Africa are notifying clients about upcoming VAT hikes
- VAT is set to increase to 15.5 percent starting 1 May
- Banks, insurers, and mobile operators are among those preparing for the change
- Politicians are attempting to reverse the increases
- There are doubts about reversing the hikes with only 14 days left until implementation
Source: businesstech.co.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "South Africa"
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
- South Africa to Implement E-Invoicing and Real-Time VAT Reporting in Major Tax Overhaul
- Law to Phase Out Import VAT Relief on Small Parcels
- South Africa Proposes VAT Amendments to Implement E-Invoicing and E-Reporting Systems
- ANC Advocates Interest Rate Cuts Over VAT Hike to Stimulate South African Economy
