💨 Abstract

Finance Minister Enoch Godongwana has confirmed that South Africa's Value Added Tax (VAT) will increase by 0.5 percentage points from May 2025, with another increase scheduled for April 2026. The decision has sparked debate, with the Democratic Alliance challenging its legality in court, arguing it will impact the most vulnerable.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖