- The VAT rate will remain at 15 percent, ending a political battle over a proposed increase.
- Finance Minister Enoch Godongwana will introduce legislation to reverse the planned VAT hikes.
- The Rates Bill will propose maintaining the VAT rate at 15 percent from 1 May 2025.
- The announcement followed a statement from the Democratic Alliance about a legal challenge settlement proposal.
Source: mg.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.
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