💨 Abstract

The article discusses the possible alternatives to VAT increases in the 2025 budget, as the proposed hike was controversially rejected in the previous Budget Speech. A revised budget is reportedly underway, with the DA suggesting cost-cutting measures to replace the VAT increase, such as reducing government expenditure, improving tax compliance, and selling underutilized state assets.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖