While South Africa has been shaking its head at Trump’s whiplash tariff announcements, we seem to be watching a similar scene roll out locally with the controversial VAT increase. The latest news is, ...

The South African Revenue Service (SARS) has broken down the procedural matters relating to the decision to cancel the VAT hike on 1 May 2025, which it admits has caused great pain in the country.

While Finance Minister Enoch Godongwana continues to oppose a legal challenge against the impending 0.5% value-added tax (VAT) increase, the National Treasury and the South African Revenue Service ...

All shops and other entities that charge VAT had to quickly get their systems ready for the VAT increase and must now reverse the process. The decision by finance minister Enoch Godongwana to reverse ...

According to recent media reports, Sars has launched a new initiative — Project AmaBillions — as part of its broader strategy to boost revenue collection by an additional R70 billion over the next ...

Last week, at the last possible moment, the Ministry of Finance announced that the proposed 0.5 percentage point increase of VAT would no longer be happening. The lateness of the announcement means ...

In a significant win for taxpayers on the South African Revenue Service’s (Sars) “narrow” approach to the ability to claim input Value-Added Tax (VAT), the Supreme Court of Appeal (SCA) recently ruled ...

The South African Revenue Service (SARS) has confirmed that it will implement Finance Minister Enoch Godongwana’s decision to reverse the planned 0.5% increase in Value-Added Tax (VAT), which was ...

The VAT rate was scheduled to rise to 15.5% on 1 May, but now remains at 15%. The proposed 0.5 percentage points has seen political parties putting pressure on Finance Minister Enoch Godongwana to ...

Edward Kieswetter, Commissioner of the South African Revenue Service (Sars), says the organisation will ensure the necessary changes are made to reflect the decision to reverse the increase in ...

The South African Revenue Service (SARS) is ready to pounce on any businesses that tried to exploit the confusion around the country’s budget and VAT increases earlier this year. South African ...