- Finance Minister Enoch Godongwana defends the decision to increase VAT.
- Legal proceedings by DA and EFF aim to block the VAT hike.
- Godongwana argues the relief sought by DA lacks merit.
- DA has other legal options and has not met requirements for an interdict.
- The VAT increase decision cannot be interdicted at this stage.
- Godongwana does not oppose EFF’s application but criticizes its clarity.
- VAT announcement remains valid and lawful.
- Section 7(4) of the VAT Act allows temporary VAT adjustments.
- Godongwana disputes DA’s interpretation of the VAT Act.
Source: sundayworld.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’s VAT: From 4% Temporary Tax in 1978 to 15% and Rising
- South Africa Set for Imminent VAT Hike as Other Tax Options Exhausted
- SARS Updates VAT Guide for Foreign E-Service Suppliers: Key Changes and New Exemptions Explained
- South Africa Moves Toward Mandatory E-Invoicing: New Regulations, CTC Model, and Digital Integration
- South Africa Mandates E-Invoicing to Modernize VAT, Reduce Fraud, and Align with Global Tax Trends
